sebi:WTM/RKA/MIRSD/16/2014
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Ex-parte order restraining Unique Consulting and its promoters/directors from accessing the securities market, directing them to cease unregistered portfolio management activities, withdraw advertisements, and prohibiting fund mobilization; objections invited within 21 days
Provisions invoked
- s. 19
- s. 12(1)
- s. 12A
Regulations
- Reg. 3
- Reg. 6
- Reg. 2(1)(c)
- Reg. 4(1)
- Reg. 9
Parties
- Unique Consulting & Trading Pvt. Ltd.
- P. Shanmuga Ganesan (Managing Director)
- K. Mathan Kumar (Director)
- Janet Jenetha (Director)
- U Indira (Director)
Holding
Unique Consulting and its promoters/directors contravened section 12(1) of the SEBI Act read with regulation 3 of the Portfolio Managers Regulations and rule 8(3)(f) of the SCRR by acting as portfolio managers without registration and engaging in fund-based activities, and acted fraudulently attracting section 12A(a),(b),(c) of the SEBI Act and regulations 3(b),(c),(d) and 4(1), 4(2)(k) of the PFUTP Regulations. The noticees were restrained from accessing the securities market and from undertaking portfolio management or any unregistered activity.
Full text
Order in the matter of Unique Consulting & Trading Pvt. Ltd. Page 2 of 11 absconding. The details of some the complaints received against Unique Consulting are as under:
Order in the matter of Unique Consulting & Trading Pvt. Ltd. Page 3 of 11 Unique Consulting and also displayed the SEBI registration number of Unique Consulting.
Order in the matter of Unique Consulting & Trading Pvt. Ltd. Page 4 of 11 18 269TVL0051 Senthil Kumar K PMS/Monthly 21/06/2012 500000 19 269ADR0021 Vijayan K S V Short term (3 Months) 27/07/2012 400000 20 269TVL0025 Esakki A Short term (3 Months) 10/06/2012 50000 21 269TVL0034 Krishnan L Short term (3 Months) 28/05/2012 50000 Short term (3 Months) 26/04/2012 50000 Short term (3 Months) 26/05/2012 50000
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Source: SecMarx — sebi:WTM/RKA/MIRSD/16/2014. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (bench, timelines, appeal chain) is cited to us.