SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Hound Partners, LLC

(Last)

(First)

(Middle)

101 PARK AVENUE

48TH FLOOR

(Street)

NEW YORK

10178

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Millennium India Acquisition CO Inc. [ SMCG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/22/2008

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock, $.0001 par value	02/01/2008		P		7,486	A	$6.8	385,845	I	By Hound Partners Offshore Fund, LP⁽³⁾
Common Stock, $.0001 par value	03/03/2008		S		1,521	D	$6.15	372,920	I	By Hound Partners, LP⁽²⁾
Common Stock, $.0001 par value	03/03/2008		P		1,521	A	$6.15	387,366	I	By Hound Partners Offshore Fund, LP⁽³⁾
Common Stock, $.0001 par value	04/01/2008		S		6,994	D	$5.5	365,926	I	By Hound Partners, LP⁽²⁾
Common Stock, $.0001 par value	04/01/2008		P		6,994	A	$5.5	394,360	I	By Hound Partners Offshore Fund, LP⁽³⁾
Common Stock, $.0001 par value	05/01/2008		S		26,002	D	$4.6	339,924	I	By Hound Partners, LP⁽²⁾
Common Stock, $.0001 par value	05/01/2008		P		26,002	A	$4.6	420,362	I	By Hound Partners Offshore Fund, LP⁽³⁾
Common Stock, $.0001 par value	07/01/2008		S		4,562	D	$3.51	335,362	I	By Hound Partners, LP⁽²⁾
Common Stock, $.0001 par value	07/01/2008		P		4,562	A	$3.51	424,924	I	By Hound Partners Offshore Fund, LP⁽³⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Right to Acquire Common Stock, $.0001 par value	⁽¹⁾	01/22/2008		J⁽¹⁾		44,118		⁽¹⁾	⁽¹⁾	Common Stock, $.0001 par value	44,118	⁽¹⁾	44,118	I	By Hound Partners, LP⁽²⁾
Right to Acquire Common Stock, $.0001 par value	⁽¹⁾	01/22/2008		J⁽¹⁾		45,882		⁽¹⁾	⁽¹⁾	Common Stock, $.0001 par value	45,882	⁽¹⁾	45,882	I	By Hound Partners Offshore Fund, LP⁽³⁾
Common Stock Warrant	$6	02/01/2008		P		11,912		01/22/2008	07/19/2010	Common Stock, $.0001 par value	11,912	$1.84	613,915	I	By Hound Partners Offshore Fund, LP⁽³⁾
Common Stock Warrant	$6	03/03/2008		S			2,420	01/22/2008	07/19/2010	Common Stock, $.0001 par value	2,420	$1.77	593,350	I	By Hound Partners, LP⁽²⁾
Common Stock Warrant	$6	03/03/2008		P		2,420		01/22/2008	07/19/2010	Common Stock, $.0001 par value	2,420	$1.77	616,335	I	By Hound Partners Offshore Fund, LP⁽³⁾
Common Stock Warrant	$6	04/01/2008		S			11,129	01/22/2008	07/19/2010	Common Stock, $.0001 par value	11,129	$1.7	582,221	I	By Hound Partners, LP⁽²⁾
Common Stock Warrant	$6	04/01/2008		P		11,129		01/22/2008	07/19/2010	Common Stock, $.0001 par value	11,129	$1.7	627,464	I	By Hound Partners Offshore Fund, LP⁽³⁾
Common Stock Warrant	$6	05/01/2008		S			41,371	01/22/2008	07/19/2010	Common Stock, $.0001 par value	41,371	$1.14	540,850	I	By Hound Partners, LP⁽²⁾
Common Stock Warrant	$6	05/01/2008		P		41,371		01/22/2008	07/19/2010	Common Stock, $.0001 par value	41,371	$1.14	668,835	I	By Hound Partners Offshore Fund, LP⁽³⁾
Common Stock Warrant	$6	07/01/2008		S			7,258	01/22/2008	07/19/2010	Common Stock, $.0001 par value	7,258	$0.8	533,592	I	By Hound Partners, LP⁽²⁾
Common Stock Warrant	$6	07/01/2008		P		7,258		01/22/2008	07/19/2010	Common Stock, $.0001 par value	7,258	$0.8	676,093	I	By Hound Partners Offshore Fund, LP⁽³⁾
Common Stock Warrant	$6	07/30/2008		S			2,249	01/22/2008	07/19/2010	Common Stock, $.0001 par value	2,249	$0.42	531,343	I	By Hound Partners, LP⁽²⁾
Common Stock Warrant	$6	07/30/2008		S			2,851	01/22/2008	07/19/2010	Common Stock, $.0001 par value	2,851	$0.42	673,242	I	By Hound Partners Offshore Fund, LP⁽³⁾

1. Name and Address of Reporting Person^*

Hound Partners, LLC

(Last)

(First)

(Middle)

101 PARK AVENUE

48TH FLOOR

(Street)

NEW YORK

10178

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

Director	X	10% Owner
Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Hound Performance, LLC

(Last)

(First)

(Middle)

101 PARK AVENUE

48TH FLOOR

(Street)

NEW YORK

10178

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

Director	X	10% Owner
Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

AUERBACH JONATHAN A G

(Last)

(First)

(Middle)

215 E 73RD STREET

(Street)

NEW YORK

10021

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

Director	X	10% Owner
Officer (give title below)		Other (specify below)

Explanation of Responses:

1. The right to acquire the Common Stock ($.00001 par value) was granted to the Reporting Person in connection with a Share Redistribution Agreement executed on January 22, 2008. In order to induce the Reporting Person to buy 250,000 shares of the issuer's common stock and thereafter use its reasonable efforts to assist brokers in causing such shares to be voted in favor of the issuer's proposed acquisition of a minority interest in each of SMC Global Securities Limited and SAM Global Securities Limited (the "Acquisition"), the issuer agreed that it would register 90,000 shares of stock in the Reporting Person's name after a period of six months from the closing of the Acquisition.

2. The securities may be deemed to be beneficially owned by (a) Hound Performance, LLC, the general partner of Hound Partners, LP; (b) Hound Partners, LLC, the investment manager of Hound Partners, LP and (c) Jonathan Auerbach, the managing member of Hound Performance, LLC and Hound Partners, LLC. Each Reporting Person disclaims beneficial ownership in the securities reported on this Form 4 except to the extent of his or its pecuniary interest, if any, therein, and this report shall not be deemed to be an admission that such Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

3. The securities may be deemed to be beneficially owned by (a) Hound Performance, LLC, the general partner of Hound Partners Offshore Fund, LP; (b) Hound Partners, LLC, the investment manager of Hound Partners Offshore Fund, LP and (c) Jonathan Auerbach, the managing member of Hound Performance, LLC and Hound Partners, LLC. Each Reporting Person disclaims beneficial ownership in the securities reported on this Form 4 except to the extent of his or its pecuniary interest, if any, therein, and this report shall not be deemed to be an admission that such Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

	Hound Partners, LLC, By: /s/ Jonathan Auerbach, Managing Member	08/01/2008
	Hound Performance, LLC, By: /s/ Jonathan Auerbach, Managing Member	08/01/2008
	/s/ Jonathan Auerbach	08/01/2008
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.