March 26, 2013
PR No. 031/2013

Order in the matter of M/s. Maitreya Services Pvt. Ltd and its directors

Shri Rajeev Kumar Agarwal, Whole Time Member, SEBI has passed an order on March 25, 2013 in the matter of M/s. Maitreya Services Pvt. Ltd., directing the company to wind up its existing Collective Investment Schemes (CIS) and refund the money collected by it under the schemes with returns which are due to the investors as per the terms of offer within a period of three months from the date of this order. Also, the company and its directors namely Mr. Janardan Arvind Parulekar and Mrs. Varsha Madhusudan Satpalkar were directed not to access the capital market and further restrained and prohibited from buying, selling or otherwise dealing in the securities market till all its collective investment schemes are wound up and all the monies mobilised through them are refunded to the investors.
 
Since the company has launched various collective investment schemes without obtaining certificate of registration from SEBI, it has contravened provision of Section 12 (1B) of the SEBI Act and regulation 3 of the SEBI (CIS)
Regulations.
 
 
  
Mumbai
 
March 26, 2013

For full copy of order against JANARDAN ARVIND PARULEKAR, click here.

For full copy of order against MAITREYA SERVICES PVT.LTD., click here.

For full copy of order against VARSHA MADHUSUDAN SATPALKAR, click here.