April 28, 2015
PR No. 120/2015

Order in the matter of Asian Corporate Consultancy and its proprietor viz., Shri Dilip Anantrai Desai

Shri S Raman, Whole Time Member, Securities and Exchange Board of India (SEBI), has passed an interim order dated April 24, 2015 in the matter of Asian Corporate Consultancy and its proprietor viz., Shri Dilip Anantrai Desai, inter-alia directing that Asian Corporate Consultancy and Mr. Dilip Anantrai Desai shall cease and desist from acting as an investment advisor and portfolio manager and not solicit or undertake such activity or any other activities in the securities market, directly or indirectly, in any manner whatsoever. Asian Corporate Consultancy and Mr. Dilip Anantrai Desai have been further directed not to divert any funds raised from the investors.
 
Asian Corporate Consultancy and Mr. Dilip Anantrai Desai were providing services of investment advisor as well as portfolio manager without obtaining the registration from SEBI which is in violation of the provisions of SEBI (Investment Advisers) Regulations, 2013 and SEBI (Portfolio Managers) Regulations, 1993.

Mumbai
 
April 28, 2015

For full copy of order against ASIAN CORPORATE CONSULTANCY, click here.

For full copy of order against ASIAN CORPORATE CONSULTANCY, click here.

For full copy of order against DILIP ANANTRAI DESAI, click here.

For full copy of order against DILIP ANANTRAI DESAI, click here.