Description
SEBI remittance advice for recovery proceedings against Arjun Sharma for unregistered investment advisory activities.
Summary
SEBI has issued a remittance advice under Recovery Certificate No. 8772 of 2025 against Arjun Sharma (Proprietor of M/s Commodity Raja) for engaging in unregistered investment advisory activities. This enforcement action involves recovery proceedings for violations of SEBI regulations.
Key Points
- Recovery Certificate No. 8772 of 2025 issued against Arjun Sharma
- PAN: FTLPS7201E
- Entity: M/s Commodity Raja (Proprietor: Arjun Sharma)
- Violation: Unregistered investment advisory activities
- Status: Defaulter
Regulatory Changes
No new regulatory changes introduced. This is an enforcement action under existing SEBI regulations governing investment advisory services.
Compliance Requirements
- Investment advisors must be registered with SEBI before providing advisory services
- Entities engaging in investment advisory activities without registration face recovery proceedings
- Defaulters are subject to recovery certificate proceedings for dues
Important Dates
- Recovery Certificate issued: 2025
- Document date: August 12, 2025
Impact Assessment
This enforcement action reinforces SEBI’s commitment to ensuring only registered entities provide investment advisory services. It serves as a deterrent for unregistered activities and protects investors from potentially fraudulent or unqualified advisors.
Impact Justification
Recovery action against defaulter for unregistered investment advisory activities