March 18, 2016
PR No. 064/2016

Order in the matter of M/s Indian Stock Tips and its partners and M/s Indira Trading Company and its partners

Shri S Raman, Whole Time Member, Securities and Exchange Board of India (SEBI), has passed an Interim order cum show cause notice dated March 17, 2016 in the matter of M/s Indian Stock Tips and its partners, viz., Mr. Girish Srichand Valecha and Ms. Nagma Husain Ahmed Ansari, and, M/s Indira Trading Company and its partners, viz., Mr. Pankaj Seth, Mr. Vishal Anaji Girkar, Mr. Mohd. Zaid Siddique, Mr. Joheph Chand Malikshaikh, Mr. Girish Srichand Valecha, Mr. Niwas A Kamble and Mr. Jagdish Lalmani Gupta. 
  
The entities and their partners have been directed to cease and desist from acting as an investment advisor or research analyst and cease to solicit or undertake such activity or any other unregistered activities in the securities market, directly or indirectly, in any matter whatsoever. Further, they have been directed not to divert any funds raised from investors, kept in bank account(s) and/or in their custody.
 
The entities and their partners have further been directed to immediately withdraw and remove all advertisements, representations, literatures, brochures, materials, publications, documents, websites, etc. in relation to their investment advisory and research analyst activity or any unregistered activity in the securities market.
 
M/s Indian Stock Tips and its partners and M/s Indira Trading Company and its partners were providing investment advisory services and research analyst services without obtaining registration from SEBI which is in violation of the provisions of SEBI (Investment Advisers) Regulations, 2013 and SEBI (Research Analysts) Regulations, 2014.

Mumbai
March 18, 2016

For full copy of order against GIRISH SRICHAND VALECHA, click here.

For full copy of order against GIRISH SRICHAND VALECHA, click here.

For full copy of order against INDIAN STOCK TIPS, click here.

For full copy of order against INDIRA TRADING CO., click here.

For full copy of order against JAGDISH LALMANI GUPTA, click here.

For full copy of order against JOHEPH CHAND MALIKSHAIKH, click here.

For full copy of order against MOHD.ZAID SIDDIQUE, click here.

For full copy of order against NAGMA HUSAIN AHMED ANSARI, click here.

For full copy of order against NIWAS A.KAMBLE, click here.

For full copy of order against PANKAJ SETH, click here.

For full copy of order against VISHAL ANAJI GIRKAR, click here.