Market regulator Sebi has taken decisive action against a dozen research analysts, revoking their registration certificates due to outstanding renewal dues. The move follows a series of ignored notices and a lack of response from the affected parties.
The regulatory body initiated summary proceedings after the entities failed to comply with mandatory payment requirements despite repeated reminders. With these cancellations, the affected individuals and firms are no longer authorized to provide professional research services in the Indian securities market.
Key details regarding the regulatory crackdown:
- Registration certificates have been declared void effective immediately.
- The cancellation stems from a failure to meet recurring financial compliance obligations.
- Sebi has exhausted its formal notice period before finalizing the order.
Investors and market participants are advised to verify the registration status of any advisory services through the official Sebi portal before engaging in financial transactions.
