{"id":1287,"date":"2014-12-26T00:00:00","date_gmt":"2014-12-25T18:30:00","guid":{"rendered":""},"modified":"2015-12-30T12:23:28","modified_gmt":"2015-12-30T06:53:28","slug":"wasankar-wealth-management-limited-ceased-from-undertaking-the-portfolio-management-activities-sebi-order","status":"publish","type":"post","link":"https:\/\/taxclick.org\/type\/investment\/wasankar-wealth-management-limited-ceased-from-undertaking-the-portfolio-management-activities-sebi-order\/","title":{"rendered":"Wasankar Wealth Management Limited ceased from undertaking the portfolio management activities &#8211; SEBI order"},"content":{"rendered":"<p style=\"text-align:justify\">Shri Rajeev Kumar Agarwal, Whole Time Member, SEBI, passed confirmatory order on &nbsp;December 10, 2014 in the matter of Wasankar Wealth Management Limited, Mr. Prashant Wasankar having Trade name &#8211; Wasankar Investments,&nbsp;&nbsp; Mr. Vinay Wasankar, Ms. Mithila Wasankar, Mr. Abhijeet Chaudhari and Ms. Bhagyashree Wasankar and confirmed the following directions issued vide&nbsp;<a href=\"http:\/\/www.sebi.gov.in\/cms\/sebi_data\/attachdocs\/1409141766607.pdf\" target=\"_blank\">order<\/a><em>&nbsp;<\/em>dated August 27, 2014. &nbsp;&nbsp;&nbsp;.<\/p>\n<ul>\n<li>to cease and desist from undertaking the portfolio management activities or any unregistered activity in the securities market, directly or indirectly, in any manner whatsoever;<\/li>\n<li>prohibited from mobilizing or pooling funds from its clients, other general investors or public and from offering any portfolio management activities or any other unregistered activity, in whatever form;<\/li>\n<li>to immediately withdraw and remove all advertisements, representations, literatures, brochures, materials, publications, documents, websites, etc. in relation to the portfolio management activities or any unregistered activity in the securities market;<\/li>\n<li>to refund the monies so collected from their clients and other investors in its various schemes along with income, profits or returns promised to them under such schemes or interest at the rate of 10% per annum, whichever is higher, from the date of investment till the date of refund, within a period of seven days from the date of this order (i.e., by September 03, 2014) and submit a repayment report to SEBI in a prescribed format:<\/li>\n<li>prohibited from transferring the funds\/deposits mobilised from the clients or other investors or from disposing of or alienating any asset that has been created from the funds\/deposits received from their clients or other investors for purposes other than refund as directed hereinabove;<\/li>\n<li>restrained from buying, selling or dealing in the securities market, either directly or indirectly, in any manner whatsoever, till further directions:<\/li>\n<\/ul>\n<p style=\"text-align:justify\">The full text of the&nbsp;<a href=\"http:\/\/www.sebi.gov.in\/cms\/sebi_data\/attachdocs\/1418224608095.pdf\" target=\"_blank\">order<\/a>&nbsp;is available on the website:&nbsp;<a href=\"http:\/\/www.sebi.gov.in\/\" target=\"_blank\">www.sebi.gov.in<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shri Rajeev Kumar Agarwal, Whole Time Member, SEBI, passed confirmatory order on &nbsp;December 10, 2014 in the matter of Wasankar Wealth Management Limited, Mr. Prashant Wasankar having Trade name &#8211; Wasankar Investments,&nbsp;&nbsp; Mr. Vinay Wasankar, Ms. Mithila Wasankar, Mr. Abhijeet Chaudhari and Ms. Bhagyashree Wasankar and confirmed the following directions issued vide&nbsp;order&nbsp;dated August 27, 2014. &#8230; <a title=\"Wasankar Wealth Management Limited ceased from undertaking the portfolio management activities &#8211; SEBI order\" class=\"read-more\" href=\"https:\/\/taxclick.org\/type\/investment\/wasankar-wealth-management-limited-ceased-from-undertaking-the-portfolio-management-activities-sebi-order\/\" aria-label=\"More on Wasankar Wealth Management Limited ceased from undertaking the portfolio management activities &#8211; SEBI order\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[14],"tags":[213],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Wasankar Wealth Management Limited ceased from undertaking the portfolio management activities - SEBI order - All About Finance<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/taxclick.org\/type\/investment\/wasankar-wealth-management-limited-ceased-from-undertaking-the-portfolio-management-activities-sebi-order\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Wasankar Wealth Management Limited ceased from undertaking the portfolio management activities - SEBI order - All About Finance\" \/>\n<meta property=\"og:description\" content=\"Shri Rajeev Kumar Agarwal, Whole Time Member, SEBI, passed confirmatory order on &nbsp;December 10, 2014 in the matter of Wasankar Wealth Management Limited, Mr. Prashant Wasankar having Trade name &#8211; Wasankar Investments,&nbsp;&nbsp; Mr. Vinay Wasankar, Ms. Mithila Wasankar, Mr. Abhijeet Chaudhari and Ms. Bhagyashree Wasankar and confirmed the following directions issued vide&nbsp;order&nbsp;dated August 27, 2014. ... Read more\" \/>\n<meta property=\"og:url\" content=\"https:\/\/taxclick.org\/type\/investment\/wasankar-wealth-management-limited-ceased-from-undertaking-the-portfolio-management-activities-sebi-order\/\" \/>\n<meta property=\"og:site_name\" content=\"All About Finance\" \/>\n<meta property=\"article:published_time\" content=\"2014-12-25T18:30:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2015-12-30T06:53:28+00:00\" \/>\n<meta name=\"author\" content=\"Taxclick Team\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Taxclick Team\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/taxclick.org\/type\/investment\/wasankar-wealth-management-limited-ceased-from-undertaking-the-portfolio-management-activities-sebi-order\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/taxclick.org\/type\/investment\/wasankar-wealth-management-limited-ceased-from-undertaking-the-portfolio-management-activities-sebi-order\/\"},\"author\":{\"name\":\"Taxclick Team\",\"@id\":\"https:\/\/taxclick.org\/#\/schema\/person\/001610fef58d5ab169d94a2403c6a227\"},\"headline\":\"Wasankar Wealth Management Limited ceased from undertaking the portfolio management activities &#8211; SEBI order\",\"datePublished\":\"2014-12-25T18:30:00+00:00\",\"dateModified\":\"2015-12-30T06:53:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/taxclick.org\/type\/investment\/wasankar-wealth-management-limited-ceased-from-undertaking-the-portfolio-management-activities-sebi-order\/\"},\"wordCount\":318,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/taxclick.org\/#organization\"},\"keywords\":[\"sebi\"],\"articleSection\":[\"Investment\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/taxclick.org\/type\/investment\/wasankar-wealth-management-limited-ceased-from-undertaking-the-portfolio-management-activities-sebi-order\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/taxclick.org\/type\/investment\/wasankar-wealth-management-limited-ceased-from-undertaking-the-portfolio-management-activities-sebi-order\/\",\"url\":\"https:\/\/taxclick.org\/type\/investment\/wasankar-wealth-management-limited-ceased-from-undertaking-the-portfolio-management-activities-sebi-order\/\",\"name\":\"Wasankar Wealth Management Limited ceased from undertaking the portfolio management activities - SEBI order - All About Finance\",\"isPartOf\":{\"@id\":\"https:\/\/taxclick.org\/#website\"},\"datePublished\":\"2014-12-25T18:30:00+00:00\",\"dateModified\":\"2015-12-30T06:53:28+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/taxclick.org\/type\/investment\/wasankar-wealth-management-limited-ceased-from-undertaking-the-portfolio-management-activities-sebi-order\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/taxclick.org\/type\/investment\/wasankar-wealth-management-limited-ceased-from-undertaking-the-portfolio-management-activities-sebi-order\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/taxclick.org\/type\/investment\/wasankar-wealth-management-limited-ceased-from-undertaking-the-portfolio-management-activities-sebi-order\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/taxclick.org\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Wasankar Wealth Management Limited ceased from undertaking the portfolio management activities &#8211; SEBI order\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/taxclick.org\/#website\",\"url\":\"https:\/\/taxclick.org\/\",\"name\":\"All About Finance\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/taxclick.org\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/taxclick.org\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/taxclick.org\/#organization\",\"name\":\"All About Finance\",\"url\":\"https:\/\/taxclick.org\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/taxclick.org\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/taxclick.org\/wp-content\/uploads\/2016\/01\/taxclick-logo.png\",\"contentUrl\":\"https:\/\/taxclick.org\/wp-content\/uploads\/2016\/01\/taxclick-logo.png\",\"width\":235,\"height\":68,\"caption\":\"All About Finance\"},\"image\":{\"@id\":\"https:\/\/taxclick.org\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/taxclick.org\/#\/schema\/person\/001610fef58d5ab169d94a2403c6a227\",\"name\":\"Taxclick Team\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/taxclick.org\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/e6fa54245d717c2dfae29cb1bb4ee5d9?s=96&d=ANSPRESS_AVATAR_SRC&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/e6fa54245d717c2dfae29cb1bb4ee5d9?s=96&d=ANSPRESS_AVATAR_SRC&r=g\",\"caption\":\"Taxclick Team\"},\"description\":\"This is the team of the finance profession who, update the site on daily basis. The team is also responsible for giving the update as earliest and also give the timely reply to the quires asked by the visitors. The team can be reached at info@taxclick.org.\",\"url\":\"https:\/\/taxclick.org\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Wasankar Wealth Management Limited ceased from undertaking the portfolio management activities - SEBI order - All About Finance","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/taxclick.org\/type\/investment\/wasankar-wealth-management-limited-ceased-from-undertaking-the-portfolio-management-activities-sebi-order\/","og_locale":"en_US","og_type":"article","og_title":"Wasankar Wealth Management Limited ceased from undertaking the portfolio management activities - SEBI order - All About Finance","og_description":"Shri Rajeev Kumar Agarwal, Whole Time Member, SEBI, passed confirmatory order on &nbsp;December 10, 2014 in the matter of Wasankar Wealth Management Limited, Mr. Prashant Wasankar having Trade name &#8211; Wasankar Investments,&nbsp;&nbsp; Mr. Vinay Wasankar, Ms. Mithila Wasankar, Mr. Abhijeet Chaudhari and Ms. Bhagyashree Wasankar and confirmed the following directions issued vide&nbsp;order&nbsp;dated August 27, 2014. ... Read more","og_url":"https:\/\/taxclick.org\/type\/investment\/wasankar-wealth-management-limited-ceased-from-undertaking-the-portfolio-management-activities-sebi-order\/","og_site_name":"All About Finance","article_published_time":"2014-12-25T18:30:00+00:00","article_modified_time":"2015-12-30T06:53:28+00:00","author":"Taxclick Team","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Taxclick Team","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/taxclick.org\/type\/investment\/wasankar-wealth-management-limited-ceased-from-undertaking-the-portfolio-management-activities-sebi-order\/#article","isPartOf":{"@id":"https:\/\/taxclick.org\/type\/investment\/wasankar-wealth-management-limited-ceased-from-undertaking-the-portfolio-management-activities-sebi-order\/"},"author":{"name":"Taxclick Team","@id":"https:\/\/taxclick.org\/#\/schema\/person\/001610fef58d5ab169d94a2403c6a227"},"headline":"Wasankar Wealth Management Limited ceased from undertaking the portfolio management activities &#8211; SEBI order","datePublished":"2014-12-25T18:30:00+00:00","dateModified":"2015-12-30T06:53:28+00:00","mainEntityOfPage":{"@id":"https:\/\/taxclick.org\/type\/investment\/wasankar-wealth-management-limited-ceased-from-undertaking-the-portfolio-management-activities-sebi-order\/"},"wordCount":318,"commentCount":0,"publisher":{"@id":"https:\/\/taxclick.org\/#organization"},"keywords":["sebi"],"articleSection":["Investment"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/taxclick.org\/type\/investment\/wasankar-wealth-management-limited-ceased-from-undertaking-the-portfolio-management-activities-sebi-order\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/taxclick.org\/type\/investment\/wasankar-wealth-management-limited-ceased-from-undertaking-the-portfolio-management-activities-sebi-order\/","url":"https:\/\/taxclick.org\/type\/investment\/wasankar-wealth-management-limited-ceased-from-undertaking-the-portfolio-management-activities-sebi-order\/","name":"Wasankar Wealth Management Limited ceased from undertaking the portfolio management activities - SEBI order - All About Finance","isPartOf":{"@id":"https:\/\/taxclick.org\/#website"},"datePublished":"2014-12-25T18:30:00+00:00","dateModified":"2015-12-30T06:53:28+00:00","breadcrumb":{"@id":"https:\/\/taxclick.org\/type\/investment\/wasankar-wealth-management-limited-ceased-from-undertaking-the-portfolio-management-activities-sebi-order\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/taxclick.org\/type\/investment\/wasankar-wealth-management-limited-ceased-from-undertaking-the-portfolio-management-activities-sebi-order\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/taxclick.org\/type\/investment\/wasankar-wealth-management-limited-ceased-from-undertaking-the-portfolio-management-activities-sebi-order\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/taxclick.org\/"},{"@type":"ListItem","position":2,"name":"Wasankar Wealth Management Limited ceased from undertaking the portfolio management activities &#8211; SEBI order"}]},{"@type":"WebSite","@id":"https:\/\/taxclick.org\/#website","url":"https:\/\/taxclick.org\/","name":"All About Finance","description":"","publisher":{"@id":"https:\/\/taxclick.org\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/taxclick.org\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/taxclick.org\/#organization","name":"All About Finance","url":"https:\/\/taxclick.org\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/taxclick.org\/#\/schema\/logo\/image\/","url":"https:\/\/taxclick.org\/wp-content\/uploads\/2016\/01\/taxclick-logo.png","contentUrl":"https:\/\/taxclick.org\/wp-content\/uploads\/2016\/01\/taxclick-logo.png","width":235,"height":68,"caption":"All About Finance"},"image":{"@id":"https:\/\/taxclick.org\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/taxclick.org\/#\/schema\/person\/001610fef58d5ab169d94a2403c6a227","name":"Taxclick Team","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/taxclick.org\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/e6fa54245d717c2dfae29cb1bb4ee5d9?s=96&d=ANSPRESS_AVATAR_SRC&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/e6fa54245d717c2dfae29cb1bb4ee5d9?s=96&d=ANSPRESS_AVATAR_SRC&r=g","caption":"Taxclick Team"},"description":"This is the team of the finance profession who, update the site on daily basis. The team is also responsible for giving the update as earliest and also give the timely reply to the quires asked by the visitors. The team can be reached at info@taxclick.org.","url":"https:\/\/taxclick.org\/author\/admin\/"}]}},"uagb_featured_image_src":{"full":false,"thumbnail":false,"medium":false,"medium_large":false,"large":false,"1536x1536":false,"2048x2048":false,"yarpp-thumbnail":false},"uagb_author_info":{"display_name":"Taxclick Team","author_link":"https:\/\/taxclick.org\/author\/admin\/"},"uagb_comment_info":0,"uagb_excerpt":"Shri Rajeev Kumar Agarwal, Whole Time Member, SEBI, passed confirmatory order on &nbsp;December 10, 2014 in the matter of Wasankar Wealth Management Limited, Mr. Prashant Wasankar having Trade name &#8211; Wasankar Investments,&nbsp;&nbsp; Mr. Vinay Wasankar, Ms. Mithila Wasankar, Mr. Abhijeet Chaudhari and Ms. Bhagyashree Wasankar and confirmed the following directions issued vide&nbsp;order&nbsp;dated August 27, 2014.&hellip;","_links":{"self":[{"href":"https:\/\/taxclick.org\/wp-json\/wp\/v2\/posts\/1287"}],"collection":[{"href":"https:\/\/taxclick.org\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/taxclick.org\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/taxclick.org\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/taxclick.org\/wp-json\/wp\/v2\/comments?post=1287"}],"version-history":[{"count":0,"href":"https:\/\/taxclick.org\/wp-json\/wp\/v2\/posts\/1287\/revisions"}],"wp:attachment":[{"href":"https:\/\/taxclick.org\/wp-json\/wp\/v2\/media?parent=1287"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/taxclick.org\/wp-json\/wp\/v2\/categories?post=1287"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/taxclick.org\/wp-json\/wp\/v2\/tags?post=1287"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}