Description

SEBI releases bank and post office accounts of Jadav Vamshi (PAN: BJFPJ9368B) in recovery certificate proceedings related to unregistered investment advisory activities by Baap of Chart.

Summary

SEBI has issued an order releasing the bank and post office accounts of Jadav Vamshi (PAN: BJFPJ9368B) under Recovery Certificate Nos. 8757 of 2025 and 8759 of 2025. The recovery proceedings were initiated in connection with unregistered investment advisory activities conducted by an entity called “Baap of Chart”.

Key Points

  • Release order issued for bank and post office accounts of Jadav Vamshi
  • PAN of the individual: BJFPJ9368B
  • Recovery Certificate Numbers: 8757 of 2025 and 8759 of 2025
  • Original matter relates to unregistered investment advisory activities by Baap of Chart
  • Order indicates resolution or compliance in the recovery proceedings

Regulatory Changes

No regulatory changes introduced by this order.

Compliance Requirements

  • The release order allows Jadav Vamshi to access previously attached bank and post office accounts
  • This order suggests that outstanding dues or compliance requirements in the recovery proceedings have been satisfied
  • Serves as precedent for resolution of cases involving unregistered investment advisors

Important Dates

  • Order Date: October 14, 2025
  • Recovery Certificate Nos: 8757 of 2025 and 8759 of 2025

Impact Assessment

Market Impact: Minimal - This is an individual-specific enforcement resolution with no broader market implications.

Regulatory Significance: Demonstrates SEBI’s continued enforcement against unregistered investment advisory activities and the recovery process for such violations. The release order indicates completion or substantial progress in recovery proceedings.

Practical Implications: The individual named in the order can now access previously frozen bank and post office accounts. This serves as an example of how enforcement matters can be resolved through compliance with SEBI’s recovery mechanisms.

Impact Justification

Account release order affecting a specific individual in enforcement proceedings; limited market-wide impact