Description

SEBI notice of attachment in recovery proceedings against research analyst Nikhil Dayanand Baljekar under Recovery Certificate No. 8834 of 2025.

Summary

SEBI has issued Notice of Attachment No. 14865/2025 dated September 3, 2025, in Recovery Certificate No. 8834 of 2025 against Nikhil Dayanand Baljekar (PAN: ABYPB7880N), a research analyst. This notice is part of SEBI’s enforcement proceedings to recover dues from the individual.

Key Points

  • Notice issued under Recovery Certificate No. 8834 of 2025
  • Target: Nikhil Dayanand Baljekar (PAN: ABYPB7880N)
  • Individual is registered as a Research Analyst
  • Notice number: 14865/2025
  • Date of notice: September 3, 2025

Regulatory Changes

No regulatory changes announced in this notice.

Compliance Requirements

  • Research analysts must ensure compliance with SEBI regulations
  • Non-compliance may result in enforcement actions and recovery proceedings
  • Penalties and dues must be paid as per SEBI directives

Important Dates

  • Notice date: September 3, 2025
  • Recovery Certificate No.: 8834 of 2025

Impact Assessment

This enforcement action is specific to an individual research analyst and does not have direct market-wide implications. However, it demonstrates SEBI’s continued enforcement activities against non-compliant market participants. Research analysts and other market intermediaries should ensure full compliance with regulatory requirements to avoid similar enforcement actions.

Impact Justification

Enforcement action against individual research analyst, limited broader market impact but significant for compliance