Description

SEBI issues demand notice against Mr. Rahul Goswami for providing unregistered investment advisory services, requiring payment of penalties and compliance with regulations.

Summary

SEBI has issued a Notice of Demand dated September 5, 2025, under Recovery Certificate No. 8890/2025 against Mr. Rahul Goswami (PAN: AXUPG5665L) for providing unregistered investment advisory services in violation of SEBI regulations.

Key Points

  • Demand notice issued against Mr. Rahul Goswami for unregistered investment advisory activities
  • Recovery Certificate No. 8890/2025 has been drawn for enforcement action
  • Individual found to be providing investment advisory services without proper SEBI registration
  • Notice serves as formal demand for compliance and potential penalties

Regulatory Changes

No new regulatory changes introduced. This is an enforcement action under existing SEBI regulations regarding investment advisory services registration requirements.

Compliance Requirements

  • Investment advisors must obtain proper SEBI registration before offering advisory services
  • Individuals providing investment advice must comply with SEBI’s Investment Advisers Regulations
  • Unregistered advisory services are subject to enforcement action and penalties
  • Market participants should ensure all advisory services are provided by registered entities

Important Dates

  • September 5, 2025: Date of demand notice issuance
  • Payment and compliance deadlines would be specified in the full notice document

Impact Assessment

Market Impact: Low - This is an individual enforcement action with no direct impact on market operations or trading activities.

Regulatory Impact: Medium - Reinforces SEBI’s commitment to enforcing registration requirements for investment advisory services and serves as a deterrent for unregistered operators.

Investor Impact: Low - Primarily affects the individual named in the notice, but serves as a warning to investors to verify advisor registration status before engaging services.

Impact Justification

Individual enforcement action with limited market-wide impact but important for regulatory compliance precedent