Description
SEBI issues demand notice against Thousand Keys and its proprietor Tapas Das for operating unregistered investment advisory services.
Summary
SEBI has issued a Notice of Demand dated 29.08.2025 under RC No. 8881 of 2025 against Thousand Keys and its proprietor Tapas Das (PAN: ANKPD3883D) for operating unregistered investment advisory services in violation of securities regulations.
Key Points
- Enforcement action taken against Thousand Keys for providing unregistered investment advisory services
- Notice issued to proprietor Tapas Das with PAN: ANKPD3883D
- Violation relates to operating investment advisory services without proper SEBI registration
- Demand notice issued under regulatory case number RC No. 8881 of 2025
Regulatory Changes
No new regulatory changes introduced. This is an enforcement action under existing investment advisory regulations.
Compliance Requirements
- Investment advisors must obtain proper SEBI registration before providing advisory services
- Entities providing investment advice must comply with SEBI (Investment Advisers) Regulations
- Unregistered entities must cease providing investment advisory services immediately
Important Dates
- Notice Date: 29.08.2025
- Regulatory Case: RC No. 8881 of 2025
Impact Assessment
This enforcement action reinforces SEBI’s commitment to regulating investment advisory services. While specific to one entity, it serves as a warning to other unregistered advisors operating in the market. The action helps protect investors from potentially unqualified or unregulated advisory services.
Impact Justification
Enforcement action against unregistered investment advisor affects market integrity but has limited broader market impact