Description
SEBI remittance advice for recovery proceedings against Mr. Mrityunjay Kumar regarding unregistered investment advisory services violation.
Summary
SEBI has issued a remittance advice against Mr. Mrityunjay Kumar, Director of M/s Future Intraday Positional Long Term Capital OPC Private Limited, under Recovery Certificate No. 8770 of 2025. The action relates to violations concerning unregistered investment advisory services. Mr. Kumar’s PAN is CDEPK3717K and he has been classified as a defaulter.
Key Points
- Recovery proceedings initiated against Mr. Mrityunjay Kumar
- Individual is Director of Future Intraday Positional Long Term Capital OPC Private Limited
- Violation relates to providing unregistered investment advisory services
- Recovery Certificate No. 8770 of 2025 has been issued
- PAN: CDEPK3717K
- Status: Defaulter
Regulatory Changes
No specific regulatory changes announced. This is an enforcement action under existing regulations.
Compliance Requirements
- Investment advisors must be registered with SEBI before providing advisory services
- Directors of companies engaged in securities market activities must ensure compliance with registration requirements
- Entities providing investment advisory services without proper registration face enforcement action and recovery proceedings
Important Dates
- Recovery Certificate issued: 2025 (Certificate No. 8770)
- Circular date: August 25, 2025
Impact Assessment
This enforcement action serves as a warning to market participants about the importance of proper registration for investment advisory services. While the direct market impact is limited to the specific individual and entity involved, it reinforces SEBI’s commitment to ensuring compliance with registration requirements in the investment advisory space.
Impact Justification
Enforcement action against individual for regulatory violations, limited broader market impact