Description
SEBI compliance release order for Recovery Certificate No. 8418 of 2024 against Heet Manish Bapna alias Heet Manish Bafna regarding unregistered investment advisory services.
Summary
SEBI has issued a compliance release order for Recovery Certificate No. 8418 of 2024 against Heet Manish Bapna alias Heet Manish Bafna (Standard Chartist Proprietor) in connection with unregistered investment advisory services.
Key Points
- Recovery Certificate No. 8418 of 2024 has been released
- Individual involved: Heet Manish Bapna alias Heet Manish Bafna (Standard Chartist Proprietor)
- Matter relates to unregistered investment advisory services
- SEBI compliance action completed
Regulatory Changes
No new regulatory changes introduced by this release order.
Compliance Requirements
- Recovery certificate obligations have been satisfied
- Case closure for the specified individual
- Compliance with SEBI investment advisory registration requirements reinforced
Important Dates
- Order Date: August 29, 2025
- Recovery Certificate No. 8418 of 2024 - released
Impact Assessment
Limited market impact as this relates to a specific compliance case closure. The release order indicates that the recovery certificate obligations have been satisfied for the individual concerned in the matter of unregistered investment advisory services.
Impact Justification
Compliance release order affecting specific individual rather than broader market operations