PRESS RELEASE - SEBI

February 18, 2016
PR No. 026/2016


Order in the matter of M/s GCA Marketing P Limited, its promoters and Directors

Shri Prashant Saran, Whole Time Member, SEBI, has passed an order on February 04, 2016 in the matter of M/s GCA Marketing P Ltd., its promoters and Directors.
 
The Registered Office of the Company is situated at F-77, Civil Lines, Bhatinda, Punjab. The order directed the company GCA Marketing Private Limited and its Directors Sh Amardeep Singh Cheema & Sh Gurdeep Singh to abstain from collecting any money from investors or launch or carry out Collective Investment Schemes; to wind up existing Collective Investment Schemes and refund the investors through ‘Bank Demand Draft’ or ‘Pay Order’ within a period of 3 months from the date of the Order and thereafter within a period of fifteen days, submit a winding up and repayment report to SEBI; not to dispose of or alienate or sell off any of the properties/assets obtained directly or indirectly through money raised by GCA except for purpose of making refunds to investors; to provide full inventory of their assets and properties and details of bank accounts, demat accounts and holdings of shares/ securities. The orders further restrains GCA Marketing Private Limited and its Directors Sh Amardeep Singh Cheema & Sh Gurdeep Singh from accessing securities markets and prohibits them from buying, selling and dealing in securities for a period of 4 years.
 
The Company was engaged in fund mobilizing activity from public by floating/sponsoring/ launching Collective Investment Scheme (CIS) as defined in section 11AA of the SEBI Act, 1992.

Mumbai
February 18, 2016


 

For full copy of order against G.C.A.MARKETING PVT.LTD., MR.AMARDEEP SINGH CHEEMA and MR.GURDEEP SINGH click here.