Description
SEBI has allowed de-freezing of trading accounts for Cypress Money Investment Adviser and associated entities after completion of refund process.
Summary
SEBI has communicated that Cypress Money Investment Adviser, Mr Anubhav Kandpal, Ms. Saumya Kala, and Ms. Suman Kala have completed the refund process as required under SEBI Order dated May 03, 2018, and their trading accounts can now be de-frozen.
Key Points
- Four entities previously restrained from securities trading have completed refund requirements
- Trading restrictions were imposed for 3 years from date of refund under SEBI Order WTM/MPB/SEBI/EFD-DRA4/3/2018
- SEBI has requested de-freezing of their trading accounts
- Original restrictions dated back to May 2018
Regulatory Changes
Removal of trading restrictions for:
- Cypress Money Investment Adviser (PAN: AAKFC7589G)
- Anubhav Kandpal (PAN: BYMPK2765H)
- Saumya Kala (PAN: CDXPK7038J)
- Suman Kala (PAN: DOGPK1878M)
Compliance Requirements
- NSE members must take note of the account status changes
- Members should ensure compliance with updated entity status
- Consolidated list of debarred entities available on NSE website
Important Dates
- Original SEBI Order: May 03, 2018
- Original NSE Circular: May 04, 2018
- Current Circular: July 29, 2025
Impact Assessment
Minimal market impact as this is an administrative update affecting specific entities that have completed regulatory requirements. The de-freezing allows these entities to resume normal trading activities after fulfilling refund obligations.
Impact Justification
Administrative update on account status changes for specific entities with limited market impact