April 03, 2014
PR No. 032/2014
Order in the matter of M/s Alderbrooke Portfolio Management Services Pvt. Ltd.
Shri Prashant Saran, Whole Time Member, SEBI has passed an order dated April 01, 2014 in the matter of M/s
Alderbrooke Portfolio Management Services Pvt. Ltd (APMS). APMS and its directors are directed to cease and
desist from acting as an unregistered portfolio manager and not to solicit or undertake such activity or any other
activities in the securities market, directly or indirectly, in any manner whatsoever without proper
authorization/registration. The aforesaid entities are further directed to (i) to withdraw and remove all advertisements,
representations, literatures, brochures, materials, publications, documents, websites, etc. in relation to their
aforesaid portfolio management activities or any activities in the securities market. (ii) to restrain from accessing the
securities market and further prohibited from buying, selling or dealing in the securities market, either directly or
indirectly or being associated with the securities market in any manner whatsoever, for a period of five (5) years. (iii)
to refund the funds collected from the investors with returns which are due to the investors as per the terms of
investment within a period of one (1) month from the date of this order and submit a repayment report to SEBI
alongwith a certificate of refund from a practicing Chartered Accountant failing which SEBI would initiate further
actions as provided in the said order.
SEBI had passed an ex-parte order on December 20, 2013 in the matter and whereby its directors , inter alia, were
restrained from accessing the securities market and further prohibited from buying, selling or otherwise dealing in
securities, directly or indirectly, or being associated with the securities market in any manner till further orders.
The present order dated April 01, 2014 brings to conclusion the above said proceedings with the aforesaid
directions and also refer the case for adjudication
Mumbai
April 03, 2014
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