Description
SEBI issues cancellation order for Recovery Certificate No. 8491 of 2025 against Insight Research and its proprietor Anil Gurjar for operating as an unregistered investment adviser.
Summary
SEBI has issued a cancellation order for Recovery Certificate No. 8491 of 2025 that was issued against Insight Research (Proprietor: Anil Gurjar) in connection with operating as an unregistered investment adviser. This order signifies the completion or resolution of the recovery proceedings initiated against the entity.
Key Points
- Recovery Certificate No. 8491 of 2025 has been cancelled
- The certificate was issued against Insight Research and its proprietor Anil Gurjar
- The matter relates to violations under unregistered investment adviser provisions
- Cancellation typically indicates compliance, settlement, or completion of recovery proceedings
Regulatory Changes
No new regulatory changes introduced. This is an enforcement compliance order.
Compliance Requirements
This order concludes the recovery proceedings against the specified entity. The cancellation indicates:
- Completion of recovery process
- Compliance with SEBI’s recovery demands, or
- Settlement of the matter
Important Dates
- Order Date: February 3, 2026
- Recovery Certificate No.: 8491 of 2025
Impact Assessment
Market Impact: Minimal - This is a specific enforcement compliance order affecting a single unregistered investment adviser.
Operational Impact: Limited to Insight Research and its proprietor Anil Gurjar. The cancellation order closes the recovery proceedings, indicating resolution of the matter.
Investor Impact: No direct impact on investors or market operations. This order serves as a reminder of SEBI’s enforcement actions against entities operating without proper registration.
Impact Justification
Cancellation order for a specific recovery certificate against an unregistered investment adviser; limited market-wide impact as it relates to individual enforcement compliance matter.