Securities Law & Instruments

IN THE MATTER OF

THE SECURITIES ACT,

R.S.O. 1990, c. S.5, AS AMENDED

AND

IN THE MATTER OF

SUNIL TULSIANI, TULSIANI INVESTMENTS INC.,

PRIVATE INVESTMENT CLUB INC., AND

GULFLAND HOLDINGS LLC

ORDER

WHEREAS on May 27, 2010, the Commission issued a Notice of Hearing and Statement of Allegations in this matter;

AND WHEREAS on June 30, 2010, a hearing was held;

AND WHEREAS all parties were properly served with the Notice of Hearing and Statement of Allegations;

AND WHEREAS counsel appeared for Sunil Tulsiani ("Tulsiani") and Tulsiani Investments Inc. ("Tulsiani Investments") and made submissions;

AND WHEREAS the Respondents, Private Investment Club Inc. and Gulfland Holdings LLC, did not appear;

AND UPON RECEIVING submissions from counsel for Staff of the Commission, and upon consent of counsel for Tulsiani and Tulsiani Investments;

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

IT IS ORDERED THAT this matter is adjourned to a confidential pre-hearing conference to be held on August 16, 2010, at 10:00 am.

DATED at Toronto this 30th day of June, 2010.

"James E. A. Turner"