July 10, 2015
PR No. 184/2015

Order in the matter of M/s Orange Rich Financials and its Proprietor, Mr. Saket Jalan

Shri S Raman, Whole Time Member, Securities and Exchange Board of India (SEBI), has passed an order dated July 08, 2015 in the matter of M/s. Orange Rich Financials and its Proprietor, Mr. Saket Jalan.

The said order inter alia directed M/s. Orange Rich Financials and its Proprietor, Mr. Saket Jalan to cease and desist from acting as investment advisers and cease to solicit or undertake such activities or any other unregistered activity in the securities market, directly or indirectly, in any manner whatsoever.

The order further directed M/s. Orange Rich Financials and its Proprietor, Mr. Saket Jalan to immediately withdraw and remove all advertisements, representations, literatures, brochures, materials, publications, documents, websites, etc. in relation to their investment advisory or any unregistered activity in the securities market.

M/s. Orange Rich Financials and its Proprietor, Mr. Saket Jalan engaged in “Investment Advisor” activities without complying with the relevant provisions of SEBI Act, 1992 read with Securities and Exchange Board of India (Investment Advisers) Regulations, 2013.

 
Mumbai
 
July 10, 2015

For full copy of order against ORANGE RICH FINANCIALS, click here.

For full copy of order against SAKET JALAN, click here.