Description
SEBI issues General Remittance Order in Recovery Certificate No. 8973 of 2025 against Investment Research Advisor, a proprietorship firm operated by Amit Gangrade.
Summary
SEBI has issued a General Remittance Order dated February 4, 2026, in Recovery Certificate No. 8973 of 2025 against Investment Research Advisor, a proprietorship firm operated by Amit Gangrade (PAN: AVRPG8196P). This order is part of SEBI’s enforcement and recovery proceedings.
Key Points
- Recovery Certificate No. 8973 of 2025 issued against Investment Research Advisor
- Proprietor identified as Amit Gangrade (PAN: AVRPG8196P)
- General Remittance Order issued on February 4, 2026
- Related to Investment Research Advisor operations
Regulatory Changes
No regulatory changes. This is an enforcement action specific to the named entity.
Compliance Requirements
The order pertains to recovery proceedings against the named proprietorship firm and its proprietor. Specific compliance requirements would be detailed in the full recovery certificate and order documentation.
Important Dates
- Order Date: February 4, 2026
- Recovery Certificate: No. 8973 of 2025
Impact Assessment
This is an individual enforcement action with no direct impact on market operations or other market participants. The action is specific to Investment Research Advisor and its proprietor Amit Gangrade, relating to recovery proceedings initiated by SEBI.
Impact Justification
Individual enforcement action against a single investment research advisor with no broader market impact