January 15, 2015
PR No. 012/2015

Order in the matter of Mr. Vijay Kumar Gaba

Shri S Raman, Whole Time Member, Securities and Exchange Board of India (SEBI), has passed an interim order dated January 14, 2015 under sections 11, 11(4)(b), 11B and 11D of SEBI Act, 1992 in the matter of Mr. Vijay Kumar Gaba, inter-alia directing that Mr. Vijay Kumar Gaba shall cease and desist from acting as a portfolio manager and not solicit or undertake such activity or any other activities in the securities market, directly or indirectly, in any manner whatsoever. Mr. Vijay Kumar Gaba has been further directed not to divert any funds raised from any of his existing clients/investors.
 
Mr. Vijay Kumar Gaba was conducting himself as a portfolio manager and providing the services of portfolio management without obtaining the registration from SEBI which is in violation of the provisions of SEBI (Portfolio Managers) Regulations, 1993. 

Mumbai
January 15, 2015

For full copy of order against VIJAY KUMAR GABA, click here.

For full copy of order against VIJAY KUMAR GABA,M/S, click here.