Description
SEBI attachment notice against Pranay Kumar (PAN: BTFPK4872B) for operating unregistered investment advisory services under Recovery Certificate No. 8831 of 2025.
Summary
SEBI has issued a notice of attachment of bank accounts and demat accounts against Pranay Kumar, Proprietor of M/s Capital Gyan (PAN: BTFPK4872B), under Recovery Certificate No. 8831 of 2025 dated August 01, 2025. This enforcement action is related to unregistered investment advisory activities conducted by the entity.
Key Points
- Attachment notice issued against Pranay Kumar, Proprietor of M/s Capital Gyan
- PAN of defaulter: BTFPK4872B
- Recovery Certificate Numbers: 8831 of 2025, with reference to cases 14808 & 14810 of 2025
- Date of notice: August 01, 2025
- Violation: Operating unregistered investment advisory services
Regulatory Changes
No new regulatory changes introduced. This is an enforcement action under existing SEBI regulations regarding investment advisory services.
Compliance Requirements
- All banks and depositories are required to comply with the attachment order
- The defaulter’s bank accounts and demat accounts are subject to attachment
- Any persons or entities holding funds or securities belonging to the defaulter must freeze such assets
Important Dates
- Notice Date: August 01, 2025
- Recovery Certificate issued under cases 14808 & 14810 of 2025
Impact Assessment
This enforcement action demonstrates SEBI’s continued vigilance against unregistered investment advisory activities. The attachment of accounts serves as a deterrent to other entities operating without proper registration. Market impact is limited as this targets a specific defaulter rather than introducing systemic changes.
Impact Justification
Enforcement action against unregistered investment advisor with account attachments, medium market impact as it targets specific entity