PRESS RELEASE - SEBI

January 31, 2017
PR No. 009/2017


Interim Order against Secure Success Plan Private Ltd. and its Directors

Shri S Raman, Whole Time Member, SEBI (WTM), passed an order on January 19, 2017, under Sections 11(1), 11(4), 11B and 11D of the Securities and Exchange Board of India Act, 1992 read with Securities and Exchange Board of India (Portfolio Managers) Regulations, 1993 in the matter of Secure Success Plan Private Ltd. and its Directors.
 
Secure Success Plan Private Ltd. a company having its registered office at 27/28, Kamadhenu, 1st A Cross, Chikkabommasandra, Yelahanka New Town, Bangalore, Karnataka 560 065, was found to be providing services of a portfolio manager without being registered with SEBI, thereby, prima facie violating Section 12(1) of SEBI Act, 1992 read with Regulation 3 of Securities and Exchange Board of India (Portfolio Managers) Regulations, 1993. Accordingly, WTM vide the above mentioned order, inter-alia, directed the company and its Directors viz., Mr. Shreyas Manjunath and Mrs. Annapurna Mathkur Venkatachalaiah to cease and desist from acting as a portfolio manager and not to solicit or undertake such activity or any other unregistered activities in the securities market, directly or indirectly, in any matter whatsoever.
 
The order further directed the Company and its Directors to immediately withdraw and remove all advertisements representations, literatures, brochures, materials, publications, documents, website, etc. in relation to their portfolio management activities or any unregistered activity in the securities market, not to dispose of or alienate any of the properties/ assets owned by the company and not to divert any funds raised from public which are kept in bank account(s) and/or in the custody of the company. The company was also directed to submit information/details sought by SEBI earlier.

Mumbai
January 31, 2017

 


For full copy of order against ANNAPURNA MATHKUR VENKATACHALAIAH, click here.

For full copy of order against SECURE SUCCESS PLAN PVT.LTD., click here.

For full copy of order against SHREYAS MANJUNATH, click here.