SEBI Cancels Registration of 34 Investment Advisers for Non-Payment of Renewal Fees; Check the Full List
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SEBI cancelled the registration certificates of 34 investment advisers after they failed to pay mandatory renewal fees and did not respond to show-cause notices issued under summary proceedings.
✨ Key Takeaways
On July 21, 2026, the Securities and Exchange Board of India (SEBI) cancelled the certificates of registration of 34 registered investment advisers for failing to pay mandatory renewal fees required under the SEBI (Investment Advisers) Regulations, 2013. The order was passed under Section 12(3) of the SEBI Act, 1992, read with Regulation 30A of the SEBI (Intermediaries) Regulations, 2008.
Why SEBI Cancelled the Registrations
Under the SEBI (Investment Advisers) Regulations, every registered investment adviser is required to pay a renewal fee every five years to keep the registration valid. SEBI observed that the 34 investment advisers had failed to pay the prescribed renewal fees despite their registrations becoming due for renewal.
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The regulator initiated summary proceedings by issuing notices on June 2 and June 4, 2026, asking the advisers to explain why their registrations should not be cancelled or suspended. The noticees were given 21 days to respond. However, no replies were received within the stipulated period, following which SEBI proceeded with the cancellation.
Investment Advisers Whose Registrations Were Cancelled
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SEBI's Directions
SEBI clarified that although the registrations have been cancelled with immediate effect, the concerned investment advisers will continue to remain liable for any acts or omissions committed during the period when they were registered. The cancellation does not absolve them from any regulatory action for past violations, if any. The advisers have also been directed to maintain records, address investor grievances, transfer client records where necessary, and comply with applicable regulatory requirements.
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Disclaimer: The article is for informational purposes only and should not be construed as investment advice.