Order
in the matter of
Unique Vision Financial Advisory Pvt. Limited
Shri Prashant Saran,
Whole Time Member, Securities and Exchange Board of India (SEBI), has passed an
order dated July 22, 2015
against M/s. Unique Vision Financial Advisory Pvt. Ltd. and its
directors/promoters, Mr. Chandrakant Shamrao
Dhole and Mr. Ravindra Shankar Kaurav under sections 11, 11(4), 11B and 11D of
SEBI Act, 1992 inter-alia prohibiting
aforesaid entities from buying, selling or otherwise dealing in the securities
market, either directly or
indirectly, in any manner whatsoever, for a period of four (4) years.
Further,
the aforesaid entities are inter- alia directed
to:
i. not to undertake,
either directly or indirectly, any activity in the securities market without
obtaining registration from SEBI
as required under the securities laws. ii. expeditiously return the monies
received from its clients along
with the promised returns, in respect of its unregistered portfolio manager
activities and submit a certificate
from a peer reviewed Chartered Accountant, within a period of 3 months.
SEBI had passed an interim
order on January 29, 2015 in the matter, whereby inter-alia, it directed
the aforesaid entities not to solicit
or undertake anymore such activity or any other unregistered activities in the
securities market, directly or indirectly,
in any manner whatsoever.
The present order dated
July 22, 2015 brings to conclusion the above said proceedings with the aforesaid directions.
The full text of the order is
available on the website: www.sebi.gov.in
Mumbai
July 23, 2015
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