IN THE MATTER OF
THE SECURITIES ACT,
R.S.O. 1990, c. S.5, AS AMENDED
IN THE MATTER OF
TULSIANI INVESTMENTS INC. AND
(Subsections 127(1) and (8))
WHEREAS on June 26, 2009, the Ontario Securities Commission ("Commission") ordered pursuant to subsection 127(1) and 127(5) of the Securities Act, R.S.O. 1990, c. S.5, as amended (the "Act") that all trading in the securities of Tulsiani Investments Inc. ("Investments") shall cease and that Sunil Tulsiani ("Tulsiani") and Investments shall cease trading in all securities (the "Temporary Order");
AND WHEREAS on June 26, 2009, the Commission further ordered pursuant to subsection 127(6) of the Act that the Temporary Order shall take effect immediately and shall expire on the fifteenth day after its making unless extended by order of the Commission;
AND WHEREAS the Commission issued a Notice of Hearing on June 26, 2009 to consider, among other things, whether to extend the Temporary Order;
AND WHEREAS on July 9, 2008 at 2:00 p.m., the Commission held a hearing and counsel for Staff and counsel for the Respondents attended before the Commission;
AND WHEREAS the Commission is of the opinion that it is in the public interest to make this order;
AND WHEREAS by Authorization Order dated June 24, 2009, pursuant to subsection 3.5(3) of the Act, each of W. David Wilson, James E. A. Turner, Lawrence E. Ritchie, David L. Knight, Carol S. Perry and Patrick J. LeSage acting alone, is authorized to exercise the powers of the Commission under the Act, subject to subsection 3.5(4) of the Act, to make orders under section 127(1) and 127(5) of the Act;
IT IS ORDERED pursuant to subsection 127(8) of the Act that the hearing is adjourned to August 18, 2009 at 2:30 p.m.; and
IT IS FURTHER ORDERED pursuant to subsection 127(8) of the Act that the Temporary Order is extended until the close of business August 19, 2009 unless further extended by order of the Commission.
Dated at Toronto this 9th day of July, 2009
"James E. A. Turner"