IN THE MATTER OF THE SECURITIES ACT,
R.S.O. 1990, c. S.5 AS AMENDED
- AND -
IN THE MATTER OF MBS GROUP (CANADA) LTD., BALBIR AHLUWALIA AND
(Section 127 of the Securities Act)
WHEREAS on June 30, 2011, the Ontario Securities Commission (the "Commission") issued a Notice of Hearing pursuant to sections 37, 127 and 127.1 of the Securities Act, R.S.O. 1990, c. S.5, as amended (the "Act") accompanied by a Statement of Allegations dated June 30, 2011, issued by Staff of the Commission (“Staff”) with respect to MBS Group (Canada) Ltd. (“MBS Group”), Mohinder Ahluwalia (“Mohinder”) and Balbir Ahluwalia (“Balbir”), collectively the “Respondents”;
AND WHEREAS the Notice of Hearing stated that a hearing would be held at the offices of the Commission on July 21, 2011;
AND WHEREAS on July 21, 2011, Staff confirmed that the Commission had received the affidavit of Daniela DeChellis sworn July 19, 2011 which indicated that the Notice of Hearing and Statement of Allegations were served on the Respondents;
AND WHEREAS on July 21, 2011, Staff attended the hearing and no one appeared on behalf of the Respondents;
AND WHEREAS on July 21, 2011, Staff provided the Panel with emails from Balbir and Mohinder advising Staff that they were unable to attend the hearing and requesting that the hearing be adjourned for a short period of time;
AND WHEREAS Staff advised the Commission that it was not opposed to a brief adjournment;
IT IS ORDERED that the hearing is adjourned to August 17, 2011 at 11:00 a.m. or to such other date as provided by the Office of the Secretary and agreed to by the parties.
DATED at Toronto this 21st day of July, 2011.
James E.A. Turner