Description
SEBI issues Notice of Demand against Chetan Yashwant Shukla for providing unregistered investment advisory services.
Summary
SEBI has issued a Notice of Demand (NoD) under Recovery Certificate No. 8836 of 2025 against Chetan Yashwant Shukla for providing unregistered investment advisory services in violation of SEBI regulations.
Key Points
- Recovery Certificate No. 8836 of 2025 issued against Chetan Yashwant Shukla
- Violation relates to providing unregistered investment advisory services
- SEBI enforcement action for regulatory non-compliance
- Notice of Demand issued for recovery of dues/penalties
Regulatory Changes
No new regulatory changes introduced. This is an enforcement action under existing SEBI (Investment Advisers) Regulations.
Compliance Requirements
- Investment advisors must register with SEBI before providing advisory services
- Individuals providing investment advice must comply with SEBI registration requirements
- Unregistered advisory activities are subject to enforcement action and penalties
Important Dates
- Recovery Certificate issued: 2025
- Notice date: July 22, 2025
Impact Assessment
This enforcement action reinforces SEBI’s commitment to regulating investment advisory services and taking action against unregistered operators. It serves as a deterrent to others providing unregistered advisory services and protects investors from potentially unqualified advisors.
Impact Justification
Enforcement action against individual for regulatory violations; demonstrates SEBI's enforcement against unregistered advisors