Description
SEBI issues General Remittance Order RC no 8763 of 2025 against Ajay Kumar Mukhiya for conducting unregistered investment advisory services.
Summary
SEBI has issued General Remittance Order RC no 8763 of 2025 dated December 19, 2025, against Ajay Kumar Mukhiya for conducting unregistered investment advisory activities. This enforcement action is part of SEBI’s ongoing efforts to regulate investment advisory services and protect investors from unauthorized advisors.
Key Points
- Recovery Certificate Number: RC no 8763 of 2025
- Order Date: December 19, 2025
- Entity/Individual: Ajay Kumar Mukhiya
- Violation: Conducting unregistered investment advisory services
- Action Type: General Remittance Order (recovery proceedings)
Regulatory Changes
No new regulatory changes. This order enforces existing SEBI regulations requiring registration of investment advisors under the SEBI (Investment Advisers) Regulations, 2013.
Compliance Requirements
- All persons or entities providing investment advisory services must be registered with SEBI
- Unregistered investment advisory activities are prohibited and subject to enforcement action
- Penalties and recovery proceedings may be initiated against violators
Important Dates
- Order Date: December 19, 2025
- Recovery proceedings initiated under this order
Impact Assessment
This order demonstrates SEBI’s continued enforcement against unregistered investment advisors. Impact is primarily on:
- The named individual (Ajay Kumar Mukhiya) facing recovery proceedings
- Serves as a deterrent to other unregistered investment advisors
- Reinforces investor protection measures
- No direct impact on listed companies or broader market operations
Impact Justification
Recovery order for regulatory violation of unregistered investment advisory services. Medium impact as it affects regulatory compliance and enforcement, but limited to specific entity.