Description

SEBI issues Notice of Demand under Recovery Certificate No. 9073 of 2026 dated March 24, 2026 to Money Mishra Financial Services (PAN: AAZFM1357R) in the matter of unregistered portfolio management services by Allied Financial Services Private Limited.

Summary

SEBI has issued a Notice of Demand under Recovery Certificate No. 9073 of 2026 dated March 24, 2026 against Money Mishra Financial Services (PAN: AAZFM1357R) as a defaulter in the matter of unregistered portfolio management services conducted by Allied Financial Services Private Limited.

Key Points

  • Recovery Certificate No. 9073 of 2026 issued on March 24, 2026
  • Defaulter: Money Mishra Financial Services (PAN: AAZFM1357R)
  • Matter pertains to unregistered portfolio management services by Allied Financial Services Private Limited
  • SEBI is proceeding with recovery of dues from the named defaulter

Regulatory Changes

No new regulatory changes introduced. This is an enforcement/recovery action under existing SEBI regulations governing portfolio management services and recovery of penalties.

Compliance Requirements

  • Money Mishra Financial Services (PAN: AAZFM1357R) is required to comply with the demand notice and settle dues as specified in the Recovery Certificate
  • Failure to comply may result in further enforcement action including attachment of assets

Important Dates

  • Recovery Certificate Date: March 24, 2026
  • Notice of Demand Date: March 24, 2026

Impact Assessment

This order has limited broader market impact. It is targeted enforcement against a specific defaulter (Money Mishra Financial Services) linked to the matter of unregistered portfolio management services by Allied Financial Services Private Limited. The action reinforces SEBI’s continued enforcement against entities operating unregistered portfolio management services and signals commitment to recovering dues from associated defaulters.

Impact Justification

Enforcement action against a defaulter for unregistered portfolio management services; affects the specific entity named but has limited broader market impact.