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
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