Proceedings

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IN THE MATTER OF THE SECURITIES ACT,
R.S.O. 1990, c. S.5 AS AMENDED

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IN THE MATTER OF 2196768 ONTARIO LTD
CARRYING ON BUSINESS AS RARE INVESTMENTS,
RAMADHAR DOOKHIE, ADIL SUNDERJI
And EVGUENI TODOROV

ORDER



    WHEREAS on November 22, 2011, the Ontario Securities Commission (“Commission”) issued a Notice of Hearing pursuant to s.127 and 127.1 of the Securities Act, R.S.O. 1990, c. S.5 accompanied by a Statement of Allegations with respect to the Respondents, 2196768 Ontario Ltd. carrying on business as RARE Investments, Ramadhar Dookhie, Adil Sunderji and Evgueni Todorov (the “Respondents”) for a hearing to commence on December 5, 2011;

    AND WHEREAS the Respondents were served with the Notice of Hearing and Statement of Allegations dated November 22, 2011 on November 23, 2011;

    AND WHEREAS at a hearing on December 5, 2011, counsel for Staff advised that disclosure will be made to the Respondents by Staff on or by January 16, 2012, and the parties consented to the scheduling of a confidential pre-hearing conference on March 5, 2012 at 10:00 a.m.;

    AND WHEREAS the confidential pre-hearing conference was adjourned from March 5, 2012 at 10:00 a.m. to May 2, 2012 at 10:00 a.m., with the consent of Staff, to permit two of the Respondents to retain legal counsel;

    AND WHEREAS the parties attended on May 2, 2012 and Staff advised that disclosure was complete and two of the Respondents advised they had not yet retained legal counsel;

    AND WHEREAS the parties attended before the Commission on July 19, 2012, and two of the Respondents advised they had still not retained legal counsel;

    AND WHEREAS the parties attended before the Commission on September 14, 2012, and two of the Respondents advised that although they have not retained counsel they intend to do so immediately;

    AND WHEREAS nearly ten months have elapsed since the Respondents were served with the Notice of Hearing and Statement of Allegations such that the Respondents have had sufficient time to retain counsel;

    AND WHEREAS all of the parties have consented to the hearing dates ordered herein;

    AND WHEREAS the Commission is of the opinion that it is in the public interest to make this order:

    IT IS ORDERED that:

  1. The hearing on the merits shall commence on Monday, March 18, 2013 and continue on March 19, 20, 21, 22, 25, 27, and 28, 2013.

    DATED at Toronto this 14th day of September, 2012.

 

" Paulette L. Kennedy "
Paulette L. Kennedy