Regulations
Global Mount Money asked to cease and desist from acting as Investment Adviser
These entities were engaged in providing investment advisory services to public at large without obtaining requisite registration from SEBI for the same and as a result have violated provisions of the SEBI Act, 1992 and SEBI (Investment Advisers) Regulations, 2013
 
A SEBI Order directed Global Mount Money Research and Advisory and its directors and related entities to cease and desist from acting as Investment Adviser and cease to solicit or undertake such activities or any other unregistered activity in the security market directly or indirectly.
 
These entities have further been directed to immediately withdraw and remove all advertisements, representations, literatures, brochures, materials, publications, documents, websites etc. in relation to his investment advisory or any unregistered activity in the securities market.
 
These entities were engaged in providing investment advisory services to public at large without obtaining requisite registration from SEBI for the same and as a result have violated provisions of the SEBI Act, 1992 and SEBI (Investment Advisers) Regulations, 2013.
 
SEBI received information in respect of the activities of a Madhya Pradesh-based entity viz. Global Mount Money Research and Advisory Pvt. Ltd. (Global Mount) providing investment advice to general public through its website (www.globalmountmoney.co), without obtaining necessary registration from SEBI. When SEBI wrote to them for information about their activities, no reply was forthcoming. A SEBI official then visited the office of Global Mount at 504, Shagun Tower, Plot no. 07, PU-04, Scheme no. 54, Vijay Nagar Square, A B Road, Indore, Madhya Pradesh on December 24 and December 31, 2013 to obtain information about the working of Global Mount. It was found that the entity was carrying out investment advisory services in shares, derivatives and commodities. The website of Global Mount claimed the following strengths:
 
(a) Global Mount Money Research and Advisory is one of the India’s finest research and stock advisory company deals in intra-day tips and positional tips. We provide equity tips as well as commodity tips.
 
(b) We offer diversified range of services as per the investments of an investor, trader or a broker. Global Mount Money offers best stock future tips.
 
(c) In stock cash tips we provide intraday and positional services. In which we provide tips on cash scripts with most accurate level.
 
Subsequent to this, SEBI undertook a preliminary examination of the activities of Global Mount. One of the SEBI officers, posed as an ordinary investor, registered for free trials on the website of the entity viz. www.globalmountmoney.co. On successful registration, a representative of Global Mount contacted at the mobile number given at the time of registration for free trials.
 
SEBI also contacted the entities’ bankers and obtained information about them.
 
From the information gathered by SEBI, it observed:
 
(a) Rajeev Singh Rajput, Arpit Kothari and Ajay Kumar are collecting funds from investors for providing investment advice in the name of different company/ firms /proprietary concern viz. M/s Global Mount Money Research and Advisory Pvt. Ltd., Global Mount Money Research and Advisory, Global Money Financial Services and Global Money Research and Advisory.
 
(b) It is further observed that Global Mount Money Research Advisory Pvt. Ltd. (Company), Global Mount Money Research and Advisory (Partnership firm) and Global Money Research and Advisory (proprietary firm) are operating as one entity as is evident from the website of Global Mount, wherein at the home page, the entity was mentioning itself as Global Mount Money Research and Advisory and as a company. It is relevant to note that all the bank accounts given on the webpage are of the proprietary firm, viz. Global Money Research and Advisory. It is observed that all the directors of Global Mount are partners of the firm, Global Money Financial Services.
 
(c) As has been observed earlier, one of the directors of Global Mount, viz. Rajeev Singh Rajput is the proprietor of Global Money Research and Advisory. Two of the directors of Global Mount,  Rajeev Singh Rajput and Arpit Kothari are partners of the firm Global Mount Money Research and Advisory. It is also noted that all the three directors of Global Mount, viz. Rajeev Singh Rajput, Ajay Kumar and Arpit Kothari are partners of Global Money Financial Services.
 
(d) It is further noted that website of Global Mount, i.e. http://www.globalmountmoney.co, the name of the entity is mentioned as Global Money Research and Advisory (proprietary firm).
 
(e) The entity is claiming to have 4,232 active clients.
 
(f) High Accuracy is claimed by the entity, in their tips without any substantial evidence for the same.
 
(g) Marketing executives of the firm calls prospective clients for registration as free trial clients. Also, some clients register for free trials after pursuing the website of Global Mount.
 
(h) Tips are being provided to the investors through SMS/calls as evident from the SMS tips and calls received by the SEBI Official, who had registered for free trial, as an ordinary investor.
 
(i) Bank Account details are mentioned on the website for online payment. From bank statements provided by the respective banks, it is evident that there is a regular flow of funds in bank accounts of the entity from various individuals across the country which is equivalent to fees charged by the entity for his advisory services.
 
This is the nature of business being carried out by the entities.
 
Hence, SEBI in its Order observes, “SEBI has been entrusted with the duty to protect the interests of investors and protect the integrity of the securities market. Considering the facts and circumstances of the present matter and on the basis of prima facie findings, it is necessary to intervene in this matter to take immediate steps to prevent such persons from engaging further clients. This is also a case where, effective and expeditious action is required to be taken to prevent any possible harm to investors caused by the unauthorized activities of the aforementioned entities and its Directors/ Partners/ Proprietor.
 
Hence, SEBI issued the “cease and desist” order mentioned earlier and also instructed the entities from advertising their services.
 
SEBI has also maintained that this Order does not stop it from taking any further action against the entities carrying out the unregistered activity of Investment Adviser.
 

 

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'Cinderella' - a fairytale full of life's lessons
"Cinderella"; Cast: Cate Blanchett, Lily James, Richard Madden, Helena Bonham Carter, Nonso Anozie, Stellan Skarsgard, Sophie McShera, Holliday Grainger, Derek Jacobi, Ben Chaplin, Hayley Atwell, Rob Brydon and Eloise Webb; Director: Kenneth Branagh; Rating: ***
 
Disney's live-action film "Cinderella", crafted with pomp and splendour as a typically traditional fairytale by director Kenneth Branagh, reiterates the oft heard story of how an orphan girl, harassed by her cruel step-mother and equally harsh step-sisters, marries a Prince. Laced with life-lessons for everybody, this film is more than just a sweet fantasy romance drama.
 
The tone of the narration is laid at the very beginning, when little Ella (Eloise Webb) tells her mother, "I believe in everything". And, as the story unravels, you are aware of what to expect and yet, wonder how the film got its name Cinderella, when the protagonist is called Ella.
 
The telling has all the elements like a caring father, a nasty step-mother Lady Tremaine and her daughters Drisella and Anastasia, Prince Charming, Fairy Godmother, the Pumpkin turning into a carriage, the mice into horses, lizards as footmen, the goose as the carriage rider and the glass shoes. They make you nostalgic.
 
As the story moves at a brisk pace with a few distinctively funny and emotional moments, you are glued to the screen. You simply become aware of the freshness of the approach and the simple, yet minute, logical stances that the director takes. And where it deviates and expands upon, it does so in ways that add nuance and depth. These help not only to make the tale credible, but likeable also.
 
The film belongs to television actress Lily James who plays the grown-up Cinderella. Her sweet demeanour is reflected by her "kindness and courage". And physically, her transformation from a housemaid to "the beautiful princess to be" is mesmerising. Aptly paired opposite her is Richard Madden, the charming Prince who she fondly refers to as "Mr. Kits". The onscreen chemistry between them is palpable and that makes their romance believable.
 
Ben Chaplin and Hayley Atwell as Cinderella's loving and caring biological parents are functional. Their scenes with Cinderella are synthetically sweet. Their equation seems tailored to heighten the contrast delivered by the antagonists.
 
Cate Blanchett as Mrs. Tremaine, Sophie McShera as Drisella, Holliday Grainger as Anastasia and Helena Bonham Carter as the Fairy Godmother make their presence felt with dramatic overtures. Their scenes are theatrical and engaging.
 
The dialogues are characteristically a Disney product -- very crisp, chirpy and intermittently spiked with tasteful and elegant humour.
 
Visually, the elaborate earthy and picturesque sets by production designer Dante Ferrett, period costumes by Sandy Powell and fine performances by the actors are brilliantly captured by cinematographer Haris Zambarloukos. With smooth camera movements, his wide angle shots, especially the colourful ballroom scene and the last mastershot, are compelling.
 
The computer generated images are of fine quality and captivating. The dancing butterflies, the digitally rendered animals and their magical transformation along with Cinderella's makeover, mesh smoothly into the live-action drama. Cinderella's race against time when she has to return home before the last stroke of midnight is thrilling, as well as fascinating.
 
In modern times and with a questioning audience, the only issue this timeless classic faces is its oversight to justify how could Cinderella have a laidback attitude and wait for destiny to play its part? And the uncalled for, deliberate low-neck gowns that the ladies wore at the ball gave the scene a vulgar tinge.
 
Nevertheless, this "Cinderella" with "her courage, kindness and a little bit of magic" is worth a watch.

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'The Second Best Exotic Marigold Hotel' - only second best
 "The Second Best Exotic Marigold Hotel"; Cast: Judi Dench, Maggie Smith, Bill Nighy, Dev Patel, Richard Gere, Tina Desai, Lillete Dubey, Shazad Latif, Cellia Imrie and Ronald Pickup; Director: John Madden; Rating: **
 
This typical indie masala film is a sequel to the 2012 released, "The Best Exotic Marigold Hotel". It lacks the novelty factor and the sheen which was apparent in its first edition.
 
The narration takes off a couple of years after the long-term British residents have settled at "The Best Exotic Marigold Hotel" in Jaipur. The hotel is packed to capacity and manager Sunil Inderjit Kapoor aka Sonny (Dev Patel) and his co-manager Muriel Donnelly (Maggie Smith) are now toying with an expansion plan for "The Second Best Exotic Marigold Hotel". This forms the crux of this film.
 
The sequel opens with Sonny and Muriel on a road trip to California in the hope of finding an investor to help them buy the property they are looking for. After the inconclusive meeting with the retirement company in the US, who they hoped would finance their dreams, the duo are back in Jaipur.
 
Life continues as routine with Sonny taking roll calls of his guests every morning, in case they leave unexpectedly, pun intended.
 
And while he manages his hotel, he is also bogged down with his impending marriage to Sunaina (Tina Desai) and his uncertain future. His frustrations escalate when Kushal (Shazad Latif), Sunaina's brother's friend, turns up in their lives.
 
The rest of the coterie at the hotel too are embroiled with issues of their own, basically related to matters of the heart. The end culminates as a geriatric romance saga punctuated with rough, dry and acidic humour, that generates from metaphor packed dialogues.
 
Adapted from Deborah Moggach's 2004 novel, "These Foolish Things", the script written by Ol Parker is chaptered in three parts; The Sagaai - The Engagement party; The Sangeet - The Family party; and the Shaadi - The Wedding.
 
With several sub-plots, numerous characters and no dramatic sequences, the pace of the narration is fluid, sluggish and meandering.
 
The film is worth watching for the fine performances by the geriatric cast. Maggie Smith as Muriel who keeps Sonny grounded, is endearing. It is a delight to watch her dish out caustic one-liners.
 
Judi Dench as Evelyn Greenslade, who sources textile for an overseas company now appointed as its official buyer, has a bounce in her step after a successful negotiation. While she is professionally secure, her relationship with Douglas (Bill Nighy), the half-baked tour guide in Jaipur, is on a rocky terrain. It is touching to see how he proposes to her.
 
Equally interesting is to watch the tracks played by; Celia Imrie as the romance starved Madge, who is wooing two eligible suitors and Richard Gere who plays Guy Chambers, an incognito hotel inspector and a novelist who finds his muse in Lillete Dubey, Sonny's widowed mother.
 
Dev Patel slips into Sonny's shoes with fine precision as the over-confident and irritatingly talkative entrepreneur. He pairs with Tina Desai in equal measure. Together, their chemistry is blatant and appealing. Shazad Latif as the bone of their contention has his screen moments and he shines.
 
A few Bollywood songs like "Yeh ishq haaye" from "Jab We Met", "Balma" from "Khiladi 786" and "Aila re aila" are integrated into the script. And the entire cast seemed to have a blast shaking their legs to "Jhoom Barabar Jhoom".
 
With good production quality, the film efficiently captures Jaipur through Ben Smithard's lens, but then the images are not alluring enough to make you want to visit Jaipur.
 
Overall, while "The Exotic Marigold Hotels" is packaged as a cultural ambassador of Jaipur, "The Second Best Exotic Marigold Hotel" remains after all, only the second best!

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