Description

SEBI issues attachment notice against Pankaj Kumar Shukla, Proprietor of M/s. Market Anand, for unregistered investment advisory activities.

Summary

SEBI has issued a Notice of Attachment dated November 13, 2025 in Recovery Certificate No. 8897 of 2025 against Pankaj Kumar Shukla, Proprietor of M/s. Market Anand, for carrying out unregistered investment advisory activities. This enforcement action is part of SEBI’s ongoing efforts to protect investors from unregistered and unauthorized investment advisors.

Key Points

  • Enforcement action under Recovery Certificate No. 8897 of 2025
  • Target: Pankaj Kumar Shukla, Proprietor of M/s. Market Anand
  • Violation: Unregistered Investment Advisory activities
  • Action: Notice of Attachment issued
  • Notice Date: November 13, 2025

Regulatory Changes

No new regulatory changes. This is an enforcement action under existing SEBI regulations regarding registration requirements for investment advisors.

Compliance Requirements

  • All investment advisors must be registered with SEBI under the SEBI (Investment Advisers) Regulations, 2013
  • Entities and individuals providing investment advice must ensure proper registration before commencing operations
  • Failure to comply may result in enforcement actions including attachment of assets and recovery proceedings

Important Dates

  • November 13, 2025: Notice of Attachment issued

Impact Assessment

Market Impact: Low - This is an enforcement action against a specific individual/entity and does not affect broader market operations.

Investor Impact: Medium - Serves as a warning to investors to verify registration status of investment advisors before engaging their services.

Regulatory Significance: Medium - Demonstrates SEBI’s active enforcement against unregistered investment advisory activities, reinforcing the importance of regulatory compliance in the investment advisory sector.

Impact Justification

Enforcement action against individual entity for unregistered activities; limited market-wide impact but significant for compliance awareness