Description
SEBI issues attachment notice against Sarvesh Kumar, Proprietor of Business Mart World, for conducting unregistered investment advisory activities.
Summary
SEBI has issued a Notice of Attachment dated November 13, 2025, under Recovery Certificate No. 8789 of 2025 against Sarvesh Kumar, Proprietor of Business Mart World. This enforcement action relates to violations concerning unregistered investment advisory activities conducted by the entity.
Key Points
- Recovery Certificate No. 8789 of 2025 issued against Sarvesh Kumar
- Individual was operating as Proprietor of Business Mart World
- Violation relates to conducting investment advisory services without SEBI registration
- Attachment notice issued as part of SEBI’s enforcement and recovery proceedings
- Action taken under SEBI’s regulatory framework for recovery of dues
Regulatory Changes
No new regulatory changes. This is an enforcement action under existing SEBI regulations regarding registration requirements for investment advisors.
Compliance Requirements
- All persons/entities providing investment advisory services must obtain proper SEBI registration
- Investment advisors must comply with SEBI (Investment Advisers) Regulations, 2013
- Unregistered advisory activities are subject to enforcement action and penalties
- Entities must ensure compliance with registration and operational requirements
Important Dates
- November 13, 2025: Date of attachment notice issuance
- Recovery proceedings initiated under RC No. 8789 of 2025
Impact Assessment
Market Impact: Minimal - This is an individual enforcement action with no direct market-wide implications.
Investor Impact: Serves as a warning to investors to verify registration status of investment advisors before engaging their services.
Regulatory Impact: Demonstrates SEBI’s continued vigilance and enforcement against unregistered financial service providers. Reinforces the importance of regulatory compliance in the investment advisory space.
Impact Justification
Enforcement action against specific individual for unregistered investment advisory; high severity for the entity involved but low market-wide impact