Regulations
SEBI bars Indian Stock Tips and Indira Trading Co from providing investment advice
Indian Stock Tips and Indira Trading Company were providing investment advisory services and research analyst services without permission from SEBI
 
Market regulator Securities and Exchange Board of India (SEBI) passed an interim order-cum-show cause notice on Indian Stock Tips and its partners, Girish Srichand Valecha and Nagma Husain Ahmed Ansari, and, Indira Trading Company and its partners, Pankaj Seth, Vishal Anaji Girkar, Mohd. Zaid Siddique, Joheph Chand Malikshaikh, Girish Srichand Valecha, Niwas A Kamble and Jagdish Lalmani Gupta. The SEBI order directed them to cease and desist from acting as an investment advisor or research analyst and to cease to solicit or undertake such activity or any other unregistered activities in the securities market.
 
The above entities have been directed to immediately withdraw and remove all advertisements, representations, literatures, brochures, materials, publications, documents, websites, etc. in relation to their investment advisory and research analyst activity, according to the SEBI Order.
 
Indian Stock Tips and its partners and Indira Trading Company and its partners were providing investment advisory services and research analyst services without obtaining registration from SEBI which is in violation of the provisions of SEBI (Investment Advisers) Regulations, 2013 and SEBI (Research Analysts) Regulations, 2014, according to the SEBI Order.

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SEBI restrains Amit Ahire from providing investment advisory services
Amit Baburao Ahire allowed SEBI debarred entity HBJ Capital Services to use his registration, for carrying out investment advisory services in return of money
 
Market regulator SEBI (Securities and Exchange Board of India) passed an interim order against   Amit Baburao Ahire, Proprietor- OSAR Capital, restraining (under sections 11(1), 11B and 11D of SEBI Act, 1992) him from providing investment advisory services, till further directions.
 
Ahire is directed to immediately withdraw and remove all advertisements, representations, literatures, brochures, materials, publications, documents, websites, etc. in relation to investment advisory activities, according to the SEBI Order.
 
Ahire has blatantly violated the conditions subject to which he has been granted registration by allowing a SEBI debarred entity viz. HBJ Capital Services Private Limited  to use his SEBI registration, for carrying out investment advisory services in return of money, according to the SEBI Order.

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COMMENTS

Kushal Jain

9 months ago

How to get our money back from HBJ Capital?

How a local dog helped eight stranded trekkers survive in snowy conditions
Manali : Man's best friend stood by stranded trekkers in the Himachal snow, but was left behind to fend for himself after the eight were airlifted to safety.
 
Four days after the culmination of the three-day-long search and rescue operation, the incident continues to haunt the eight -- seven students from Punjab's Sant Longowal Institute of Engineering and Technology and their trekking instructor -- who were stranded on the snowy heights of Kullu district in Himachal Pradesh.
 
"A local dog, possibly a stray, accompanied us for four days. He followed us when we were on the way to Chanderkhani peak from Bijleshwar Mahadev temple," student Saurabh Sharma told IANS.
 
The trekkers tried to shoo away the friendly dog but he refused to go. Soon, he became the ninth member of the trekking team and tagged along as they trudged across the steep terrain.
 
"We offered food to the dog but each time he refused. We don't know the reason. When the weather turned hostile and snow started falling, we lost our way. However, the dog didn't lose patience and was, in fact, leading us," he said.
 
Sharma said that after heavy snowfall, they were stranded at an isolated place some eight km from Bijleshwar Mahadev temple -- locally known as Bijli Mahadev. 
 
They pitched a tent, but the dog preferred to stay outside even at night and despite the falling snow.
 
After the students were stranded for more than 78 hours without adequate food and mountaineering apparatus, they were evacuated on March 14 along with their trekking instructor from the snow-bound 12,000-ft Chanderkhani peak, despite hostile weather.
 
A search-and-rescue operation was launched on March 11 by Swiss mountaineering experts of private company Himalayan Heli Adventures Private Ltd, hired by the district administration. They found them after two days of intensive search operations and finally airlifted them to safety over two days.
 
The local administration got over 100 trekkers, comprising police, residents and Indo-Tibetan Border Police personnel, involved in the rescue operation.
 
Anil Kumar, another trekker in the group, said the Bijleshwar Mahadev temple was 15 km from Kullu town. The dog led them through steep hiking trails and thick forests. "Even after a fair amount of snow got accumulated in the area, he continued to lead us."
 
After two days of waiting, they noticed a helicopter doing a recce. "We raised an alarm and waved our blankets. The dog also started barking," he said.
 
Officials involved in the rescue operation said they tried to rescue the dog but failed.
 
A rescuer reached the spot by rappelling down a rope from the chopper and physically lifted six students on the first day. The next day, the remaining two were evacuated.
 
"The dog was wrapped in a blanket and as it was about to be lifted the knot opened suddenly and it jumped out of it. Since the weather was turning hostile, we preferred to leave him behind," said a rescuer.
 
He said they had less than an hour to complete the operation as the dense clouds dispersed for only a brief period. They also had to return to the base camp set up near Manali, some 300 km from the state capital, within that window.
 
The trekkers had to be hauled up because the chopper could not land on a slope.
 
The ground parties too trudged to the hills at a height of 11,000 feet and went on the slopes with a gradient of 70-80 degrees in an avalanche-prone area.
 
They fought against the odds of hostile weather, steep gradient, narrow gorges and crevices.
 
"I am feeling guilty that one of our team members (the dog) was left behind. I don't know whether he was able to survive in the harsh climatic conditions," Sharma said.
 
Locals, who were assisting the district administration in search operation, said the stray dogs in the high mountains are sturdy and familiar with the local trekking routes.
 
The trekkers were discharged from the government hospital in Kullu after first aid. 
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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