Description
SEBI cancels Recovery Certificate No. 8418 of 2024 issued against Heet Manish Bapna for unregistered investment advisory services.
Summary
SEBI has issued a cancellation 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 cancelled
- Individual involved: Heet Manish Bapna alias Heet Manish Bafna (Standard Chartist Proprietor)
- Matter relates to unregistered investment advisory services
- Compliance order issued on August 29, 2025
Regulatory Changes
No specific regulatory changes announced in this compliance order.
Compliance Requirements
The cancellation order resolves the recovery proceedings against the individual for the specific case.
Important Dates
- Order Date: August 29, 2025
- Original Recovery Certificate: No. 8418 of 2024
Impact Assessment
This is an individual compliance matter with limited direct market impact. The cancellation suggests resolution of the recovery proceedings, either through compliance or other settlement mechanisms. Important for establishing regulatory precedent in investment advisory compliance cases.
Impact Justification
Individual compliance matter with limited market impact but important for regulatory precedent