BSE Ltd.

09/18/2023 | Press release | Distributed by Public on 09/18/2023 11:03

Final order in the matter of unregistered portfolio management services activity by Ameet Savant Proprietor of Ventura and unregistered investment advisory activity by Crefin[...]

NOTICES
Notice No. 20230918-81 Notice Date 18 Sep 2023
Category Compliance Segment General
Subject Final order in the matter of unregistered portfolio management services activity by Ameet Savant Proprietor of Ventura and unregistered investment advisory activity by Crefin India Management Pvt. Ltd. and its directors.
Attachments Final order in the matter of unregistered portfolio management services activity by Ameet Savant Proprietor of Ventura and unregistered investment advisory activity by Crefin India Management Pvt Ltd ;
Content

To<_o3a_p>

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All Trading Members of the Exchanges<_o3a_p>

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Sub: Final order in the matter of unregistered portfolio management services activity by Ameet Savant Proprietor of Ventura and unregistered investment advisory activity by Crefin India Management Pvt. Ltd. and its directors.<_o3a_p>

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SEBI vide its order no. WTM/AN/WRO/WRO/29258/2023-24 dated September 18, 2023, has inter-alia issued following directions:<_o3a_p>

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ยท Noticees 1 to 4, shall, with immediate effect, be restrained from accessing the securities market, directly or indirectly, and shall be prohibited from buying, selling or otherwise dealing in the securities market, directly or indirectly in any manner whatsoever, till the conclusion of two years from the date of completion of refunds to clients / investors as directed at paragraph 59.1 above read with paragraph 59.8 above.<_o3a_p>

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This Order is effective from the date of the order.<_o3a_p>

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A copy of the said Order is attached herewith and available on the SEBI website www.sebi.gov.in.<_o3a_p>

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Trading members are advised to take note of the same and ensure compliance.<_o3a_p>

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Jeevan Noronha Vinayak Bhalavi<_o3a_p>

Regulatory Correspondence Regulatory Correspondence<_o3a_p>

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Date: September 18, 2023<_o3a_p>