Description
SEBI issues notice of attachment under Recovery Certificate No. 8823/2025 against Manish Bhardwaj (PAN: CEUPB0805G) for violations related to unregistered investment advisory services.
Summary
SEBI has issued a Notice of Attachment dated August 7, 2025, under Recovery Certificate No. 8823/2025 against Manish Bhardwaj (PAN: CEUPB0805G) in connection with violations related to unregistered investment advisory services. This enforcement action is part of SEBI’s regulatory proceedings to recover amounts from entities/individuals found in violation of securities regulations.
Key Points
- Recovery Certificate No. 8823/2025 issued against Manish Bhardwaj
- Individual’s PAN: CEUPB0805G
- Violation pertains to unregistered investment advisory services
- Notice issued as part of SEBI’s enforcement and recovery mechanism
- Document dated August 7, 2025
Regulatory Changes
No new regulatory changes introduced. This is an enforcement action under existing SEBI regulations regarding registration requirements for investment advisors.
Compliance Requirements
- All investment advisors must be registered with SEBI before providing advisory services
- Unregistered investment advisory activities are prohibited under SEBI regulations
- Entities found in violation are subject to recovery proceedings and attachment of assets
Important Dates
- Notice Date: August 7, 2025
- Recovery Certificate: No. 8823/2025
Impact Assessment
This enforcement action demonstrates SEBI’s continued vigilance in monitoring and taking action against unregistered investment advisory activities. While the impact is specific to the individual involved, it serves as a deterrent for others engaging in similar unauthorized activities. The action reinforces the importance of proper registration and compliance with SEBI’s investment advisory regulations.
Impact Justification
Enforcement action against individual for regulatory violations - significant for compliance but limited market impact