Description
SEBI remittance advice against defaulter for unregistered investment advisory services under Recovery Certificate No. 8773 of 2025.
Summary
SEBI has issued a remittance advice against Mr. Mrityunjay Kumar, Director of M/s. Future Intraday Positional Long Term Capital OPC Private Limited (PAN: CDEPK3717K), who has been declared a defaulter in the matter of unregistered investment advisory services. This action is taken under Recovery Certificate No. 8773 of 2025.
Key Points
- Defaulter: Mr. Mrityunjay Kumar, Director of Future Intraday Positional Long Term Capital OPC Private Limited
- PAN Number: CDEPK3717K
- Matter: Unregistered Investment Advisory Services
- Recovery Certificate Number: 8773 of 2025
- Document Type: Remittance Advice
- Date: August 25, 2025
Regulatory Changes
No specific regulatory changes announced. This is an enforcement action against a specific entity.
Compliance Requirements
- Investment advisory services must be properly registered with SEBI
- Entities providing investment advice without registration face recovery proceedings
- All investment advisors must ensure proper licensing and compliance with SEBI regulations
Important Dates
- Document Date: August 25, 2025
- Recovery Certificate: No. 8773 of 2025
Impact Assessment
This is a specific enforcement action against an individual defaulter for operating unregistered investment advisory services. The impact is limited to the specific entity involved and serves as a warning to others about the importance of proper registration and compliance with investment advisory regulations. Market participants should ensure all investment advisory activities are properly registered with SEBI to avoid similar enforcement actions.
Impact Justification
Administrative recovery action against specific defaulter for unregistered investment advisory services