Description
SEBI remittance order for recovery proceedings against Pranay Kumar, Proprietor of M/s Capital Gyan for unregistered investment advisory activities.
Summary
SEBI has issued a General Remittance Order dated 09.09.2025 in Recovery Certificate No. 8831 of 2025 against Pranay Kumar, Proprietor of M/s Capital Gyan (PAN: BTFPK4872B) in connection with unregistered investment advisory activities.
Key Points
- Recovery Certificate No. 8831 of 2025 issued against Pranay Kumar
- Entity: M/s Capital Gyan (Proprietor: Pranay Kumar)
- PAN: BTFPK4872B
- Matter relates to unregistered investment advisory activities
- Remittance order dated 09.09.2025
Regulatory Changes
No specific regulatory changes announced in this order.
Compliance Requirements
- Investment advisors must register with SEBI before providing advisory services
- Entities found operating without registration face recovery proceedings
- Compliance with SEBI (Investment Advisers) Regulations is mandatory
Important Dates
- Remittance Order Date: 09.09.2025
- Recovery Certificate No.: 8831 of 2025
Impact Assessment
This is an enforcement action against a specific unregistered investment advisor. The impact is limited to the concerned entity and serves as a deterrent for others operating without proper registration. No direct impact on broader market operations or listed securities.
Impact Justification
Recovery proceedings against specific entity for regulatory violations - important for compliance but limited market impact