October
10,
2016
PR No. 147/2016
Order in the matter of Singhania Media Solutions Private Limited
Shri S Raman, Whole Time Member, Securities and Exchange Board of India (SEBI), has passed an Interim order
cum show cause notice dated October 06, 2016 in the matter of M/s. Singhania Media Solutions Private Limited
and its directors, viz., Mr. Ankitkumar Shashikant Singhania and Mr. Shashikant Singhania.
The entity and its directors have been directed to cease and desist from acting as an investment advisor and cease
to solicit or undertake such activities or any other 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.
They 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
activity or any unregistered activity in the securities market.
Furthermore, they have been directed to inform SEBI as to what measures have been taken by Mr. Ankit Singhania
to comply with SEBI’s directions vide Order dated December 30, 2015 issued against him.
M/s. Singhania Media Solutions Private Limited and its directors were providing investment advisory services
without obtaining registration from SEBI which is in violation of the provisions of SEBI (Investment Advisers)
Regulations, 2013.
Mumbai
October 10, 2016
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For full copy of order against ANKITKUMAR SHASHIKANT SINGHANIA, click here.
For full copy of order against SHASHIKANT SINGHANIA, click here.
For full copy of order against SINGHANIA MEDIA SOLUTIONS PVT.LTD., click here.
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