Description
SEBI issues attachment notices against Niraj Thakur for conducting unregistered investment advisory activities through Empiric Trade.
Summary
SEBI has issued Notice(s) of Attachment dated 25.08.2025 under Recovery Certificate No. 8857 of 2025 against Mr. Niraj Thakur, Proprietor of Empiric Trade. The action is taken in the matter of unregistered investment advisory services provided by Mr. Niraj Thakur through Empiric Trade.
Key Points
- Attachment notices issued against Mr. Niraj Thakur, Proprietor of Empiric Trade
- Recovery Certificate No. 8857 of 2025 dated August 25, 2025
- Violation relates to unregistered investment advisory activities
- Enforcement action taken under SEBI’s recovery proceedings
Regulatory Changes
No specific regulatory changes announced. This is an enforcement action against violation of existing investment advisory registration requirements.
Compliance Requirements
- Investment advisors must obtain proper registration with SEBI before providing advisory services
- Entities providing investment advisory services without registration face enforcement actions
- Attachment of assets can be ordered for recovery of penalties and dues
Important Dates
- Notice of Attachment Date: August 25, 2025
- Recovery Certificate No: 8857 of 2025
Impact Assessment
This enforcement action reinforces SEBI’s strict stance against unregistered investment advisory activities. Market participants providing investment advice must ensure proper registration and compliance with SEBI regulations. The attachment proceedings indicate the serious consequences of operating without required licenses.
Impact Justification
Enforcement action with attachment notices indicates serious regulatory violation requiring immediate attention