Description
SEBI issues attachment notices dated 28.07.2025 against Krishnamurthy G. (PAN: BSFPK6683P) in recovery proceedings related to unregistered investment advisor activities.
Summary
SEBI has issued notices of attachment dated 28.07.2025 against Krishnamurthy G. (PAN: BSFPK6683P) under Recovery Certificate No. 8816 of 2025. This enforcement action is related to unregistered investment advisor activities, indicating SEBI’s continued crackdown on individuals providing investment advisory services without proper registration.
Key Points
- Attachment notices issued against Krishnamurthy G. (PAN: BSFPK6683P)
- Recovery Certificate No. 8816 of 2025
- Notice date: 28.07.2025
- Related to unregistered investment advisor activities
- Part of SEBI’s enforcement mechanism for recovery of dues
Regulatory Changes
No new regulatory changes introduced. This represents enforcement of existing regulations requiring proper registration for investment advisory services.
Compliance Requirements
- Investment advisors must obtain proper SEBI registration before providing advisory services
- Unregistered advisory activities can result in recovery proceedings and asset attachment
- Market participants should ensure compliance with investment advisor registration requirements
Important Dates
- Notice Date: 28.07.2025
- Recovery Certificate: No. 8816 of 2025
Impact Assessment
This is an individual enforcement action with limited direct market impact. However, it demonstrates SEBI’s active enforcement against unregistered investment advisors, serving as a deterrent for similar violations. Market participants providing investment advisory services should ensure proper registration and compliance to avoid similar enforcement actions.
Impact Justification
Individual enforcement action against specific person for unregistered advisory activities - significant for regulatory compliance but limited market impact