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