Description
SEBI recovery order issued against Krishnamurthy G. (PAN: BSFPK6683P) for operating as unregistered investment advisor.
Summary
SEBI has issued a General Remittance Order dated 29.08.2025 under Recovery Certificate No. 8816 of 2025 against Krishnamurthy G. (PAN: BSFPK6683P) for operating as an unregistered investment advisor in violation of SEBI regulations.
Key Points
- Recovery Certificate No. 8816 of 2025 issued against Krishnamurthy G.
- Individual found guilty of providing investment advisory services without proper SEBI registration
- General Remittance Order enables SEBI to recover dues through various enforcement mechanisms
- Action taken under SEBI’s regulatory framework for unregistered investment advisors
Regulatory Changes
No new regulatory changes introduced. This is an enforcement action under existing SEBI regulations for investment advisors.
Compliance Requirements
- Investment advisors must obtain proper SEBI registration before providing advisory services
- Individuals providing investment advice without registration face enforcement action and penalties
- Recovery proceedings can be initiated for dues owed to SEBI
Important Dates
- Order Date: 29.08.2025
- Recovery Certificate No.: 8816 of 2025
Impact Assessment
This is an individual enforcement action with minimal direct market impact. However, it reinforces SEBI’s commitment to regulating investment advisory services and ensuring compliance with registration requirements. Serves as a deterrent for others operating without proper authorization.
Impact Justification
Individual enforcement action with limited market-wide impact