Description
SEBI remittance order for recovery certificate proceedings against Mr. Manish Bhardwaj for unregistered investment advisory services.
Summary
SEBI has issued a remittance order dated September 9, 2025, under Recovery Certificate No. 8826/2025 against Mr. Manish Bhardwaj (PAN: CEUPB0805G) in connection with unregistered investment advisory services.
Key Points
- Recovery certificate issued under RC No. 8826/2025
- Action taken against Mr. Manish Bhardwaj for providing unregistered investment advisory services
- Enforcement action for violation of investment adviser registration requirements
- Individual compliance action with specific recovery proceedings
Regulatory Changes
No regulatory changes announced. This is an enforcement action against an individual.
Compliance Requirements
- Investment advisers must be registered with SEBI before providing advisory services
- Unregistered investment advisory activities are prohibited
- Recovery proceedings initiated for violations
Important Dates
- Remittance Order Date: September 9, 2025
- Recovery Certificate No.: 8826/2025
Impact Assessment
This is an individual enforcement action with limited market impact. The action reinforces SEBI’s regulatory framework for investment advisory services and the requirement for proper registration before providing such services to the public.
Impact Justification
Individual enforcement action with limited market-wide impact