Description
SEBI issues Recovery Certificate no. 8789 of 2025 against Sarvesh Kumar, proprietor of Business Mart World, for conducting unregistered investment advisory activities.
Summary
SEBI has issued a General Remittance Order (Recovery Certificate no. 8789 of 2025) dated December 19, 2025, against Sarvesh Kumar, proprietor of Business Mart World, for conducting unregistered investment advisory activities in violation of SEBI regulations.
Key Points
- Recovery Certificate issued against Sarvesh Kumar
- Related to unregistered investment advisory services provided through Business Mart World
- Enforcement action for non-compliance with SEBI registration requirements
- Recovery Certificate no. 8789 of 2025
Regulatory Changes
No new regulatory changes. This order enforces existing requirements that investment advisors must be registered with SEBI under the SEBI (Investment Advisers) Regulations, 2013.
Compliance Requirements
- Investment advisors must obtain proper SEBI registration before offering advisory services
- Entities and individuals providing investment advisory services without registration face enforcement action and recovery proceedings
- Outstanding dues as per the recovery certificate must be paid
Important Dates
- Order Date: December 19, 2025
- Recovery Certificate Number: 8789 of 2025
Impact Assessment
Market Impact: Low - This is an enforcement action against a single individual/entity and does not affect broader market operations.
Regulatory Impact: Medium - Reinforces SEBI’s continued focus on ensuring only registered entities provide investment advisory services, protecting investors from unregistered advisors.
Compliance Impact: High for unregistered advisors - Serves as a warning that SEBI actively pursues enforcement against those operating without proper registration.
Impact Justification
Enforcement action against individual for unregistered investment advisory. High severity for regulatory compliance but low market impact as it affects single entity.