Description

SEBI issues a Notice of Attachment dated March 25, 2026 against Golden Syndicate Ventures Pvt. Ltd under Recovery Certificate No. 8756 of 2025 in connection with unregistered investment advisory activities conducted under the name 'Baap of Chart'.

Summary

SEBI has issued a Notice of Attachment dated March 25, 2026 against Golden Syndicate Ventures Pvt. Ltd under Recovery Certificate (RC) No. 8756 of 2025. The action arises from enforcement proceedings related to unregistered investment advisory activities carried out under the brand name ‘Baap of Chart’. This notice enables SEBI to attach the assets and bank accounts of the entity to recover outstanding dues.

Key Points

  • Notice of Attachment issued on March 25, 2026 against Golden Syndicate Ventures Pvt. Ltd
  • Recovery Certificate No. 8756 of 2025 is the basis for this attachment action
  • The matter relates to unregistered investment advisory services offered under the name ‘Baap of Chart’
  • ‘Baap of Chart’ is a well-known finfluencer brand that provided stock market tips and advisory content without SEBI registration
  • This notice represents the enforcement/recovery phase following earlier SEBI orders and penalty imposition

Regulatory Changes

No new regulatory changes are introduced. This is an enforcement/recovery action under existing provisions of the SEBI Act, 1992 and the SEBI (Recovery of Penalties) Rules.

Compliance Requirements

  • Golden Syndicate Ventures Pvt. Ltd is required to comply with the attachment notice and must not alienate, transfer, or encumber the attached assets
  • Banks and financial institutions holding accounts of the entity are directed to freeze and remit funds as per the attachment order
  • Any third parties holding assets of the defaulter entity are put on notice not to release such assets

Important Dates

  • Recovery Certificate issued: 2025 (RC No. 8756 of 2025)
  • Notice of Attachment date: March 25, 2026

Impact Assessment

This action has limited direct market impact as it targets a private company (Golden Syndicate Ventures Pvt. Ltd) rather than a listed entity. However, it carries broader significance as part of SEBI’s ongoing enforcement drive against finfluencers and unregistered investment advisors operating via social media. Retail investors who relied on ‘Baap of Chart’ content for investment decisions should be aware that the entity was found to have operated without SEBI registration. The attachment of assets signals that SEBI’s earlier monetary penalties remain unpaid, and the regulator is now pursuing coercive recovery.

Impact Justification

Enforcement action targeting an unregistered investment advisory operation ('Baap of Chart') with asset attachment proceedings; significant for retail investors who may have followed the influencer's advice, and signals SEBI's continued crackdown on finfluencers.