Archive · 27 Nov 2025
SEBI Cancels 68 Investment Advisers for Non-Payment
The SEBI, which is like the boss of the stock market in India, has taken away the licenses of 68 investment advisers.
These advisers didn't pay their fees to keep their licenses active.
The SEBI sent them many warnings, but they still didn't pay.
So, the SEBI decided to cancel their licenses to make sure they don't trick people into thinking they are still allowed to give investment advice.
This is important because investment advisers help people decide where to put their money, and it's good to know they are properly registered and following the rules.
SEBI cancelled the registration of 68 investment advisers for not paying renewal fees.
The advisers were required to pay fees every five years under SEBI's IA rules.
Notable entities affected include Truenorth Labs Pvt Ltd, Equity Mantra, and Avenue Venture Partners Investment Adviser LLP.
SEBI issued show-cause notices to the advisers between February and June 2024.
The cancellations were deemed necessary to prevent misuse of expired registrations.
- Who
- SEBI (Securities and Exchange Board of India)
- What
- Cancelled the registration of 68 investment advisers
- When
- Thursday (specific date not mentioned)
- Where
- India
- Why
- For failing to pay renewal fees and to prevent misuse of expired registrations
- Regulator
- SEBI
- Number of Advisers
- 68
- Reason for Cancellation
- Non-payment of renewal fees
- Regulation Cited
- Intermediaries Regulations, 2008
- Renewal Period
- Every five years
- Notable Entities
- Truenorth Labs Pvt Ltd, Equity Mantra, Avenue Venture Partners Investment Adviser LLP
- Show-Cause Notices Issued
- Between February and June 2024