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<?xml version="1.0" encoding="windows-1252"?> |
<ownershipDocument> |
| <schemaVersion> X0206 </schemaVersion> |
| <documentType> 3 </documentType> |
| <periodOfReport> 2015-11-13 </periodOfReport> |
| <noSecuritiesOwned> 0 </noSecuritiesOwned> |
| <issuer> |
| | <issuerCik> 0001093430 </issuerCik> |
| | <issuerName> CASPIAN SERVICES INC </issuerName> |
| | <issuerTradingSymbol> CSSV </issuerTradingSymbol> |
| | </issuer> |
| <reportingOwner> |
| | <reportingOwnerId> |
| | | <rptOwnerCik> 0001308752 </rptOwnerCik> |
| | | <rptOwnerName> Sawikin Harvey </rptOwnerName> |
| | | </reportingOwnerId> |
| | <reportingOwnerAddress> |
| | | <rptOwnerStreet1> 152 WEST 57TH ST, 24TH FLOOR </rptOwnerStreet1> |
| | | <rptOwnerStreet2></rptOwnerStreet2> |
| | | <rptOwnerCity> NEW YORK </rptOwnerCity> |
| | | <rptOwnerState> NY </rptOwnerState> |
| | | <rptOwnerZipCode> 10019 </rptOwnerZipCode> |
| | | <rptOwnerStateDescription></rptOwnerStateDescription> |
| | | </reportingOwnerAddress> |
| | <reportingOwnerRelationship> |
| | | <isDirector> 0 </isDirector> |
| | | <isOfficer> 0 </isOfficer> |
| | | <isTenPercentOwner> 1 </isTenPercentOwner> |
| | | <isOther> 0 </isOther> |
| | | </reportingOwnerRelationship> |
| | </reportingOwner> |
| <nonDerivativeTable> |
| | <nonDerivativeHolding> |
| | | <securityTitle> |
| <value> Common Stock, par value $0.001 </value> |
| </securityTitle> |
| | | <postTransactionAmounts> |
| <sharesOwnedFollowingTransaction> |
| <value> 6994998 </value> |
| </sharesOwnedFollowingTransaction> |
| </postTransactionAmounts> |
| | | <ownershipNature> |
| <directOrIndirectOwnership> |
| <value> I </value> |
| </directOrIndirectOwnership> |
| <natureOfOwnership> |
| <value> See footnotes </value> |
| <footnoteId id="F1"/> |
| <footnoteId id="F2"/> |
| </natureOfOwnership> |
| </ownershipNature> |
| | | </nonDerivativeHolding> |
| | </nonDerivativeTable> |
| <footnotes> |
| | <footnote id="F1"> The Reporting Person is the majority owner of Firebird Management LLC ("Management") and Firebird Avrora Advisors LLC ("Avrora") and may be deemed to control each of Management and Avrora. Management and Avrora act as investment advisors to, respectively, Firebird New Russia Fund, Ltd and Firebird Avrora Fund, Ltd. (collectively, the "Funds" and individually, each a "Fund") that own the shares subject to this Form 3. As investment advisers to the Funds, each of Management and Avrora has voting and investment control with respect to the shares held by the Fund that it advises. The Reporting Person may be deemed to have an indirect interest in certain of the shares owned by the Funds through its indirect holdings in the Funds. </footnote> |
| | <footnote id="F2"> The Reporting Person disclaims beneficial ownership of all shares except to the extent of any pecuniary interest therein and this filing should not be deemed an admission of beneficial ownership for Section 16 purposes or any other purpose. </footnote> |
| | </footnotes> |
| <remarks></remarks> |
| <ownerSignature> |
| | <signatureName> /s/ Harvey Sawikin </signatureName> |
| | <signatureDate> 2015-11-23 </signatureDate> |
| | </ownerSignature> |
| </ownershipDocument> |