Description
SEBI issues notices of attachment in recovery proceedings against Krishnamurthy G. (PAN: BSFPK6683P) related to unregistered investment advisors matter.
Summary
SEBI has issued notices of attachment dated July 28, 2025, under Recovery Certificate No. 8817 of 2025 against Krishnamurthy G. (PAN: BSFPK6683P) in connection with proceedings related to unregistered investment advisors.
Key Points
- Recovery Certificate No. 8817 of 2025 issued against Krishnamurthy G.
- Individual PAN: BSFPK6683P
- Notices dated July 28, 2025
- Related to unregistered investment advisor violations
- Asset attachment proceedings initiated
Regulatory Changes
No new regulatory changes introduced. This represents enforcement of existing investment advisor registration requirements.
Compliance Requirements
- All investment advisors must be registered with SEBI before providing advisory services
- Entities/individuals must comply with recovery proceedings and attachment orders
- Assets under attachment cannot be transferred or disposed of without SEBI approval
Important Dates
- July 28, 2025: Date of attachment notices
- Recovery proceedings are ongoing
Impact Assessment
This enforcement action demonstrates SEBI’s continued focus on regulating unregistered investment advisors. The attachment proceedings indicate serious violations that have resulted in recovery actions. Market participants should ensure proper registration and compliance with investment advisor regulations to avoid similar enforcement actions.
Impact Justification
Enforcement action against unregistered investment advisor with asset attachment proceedings