Sebi cancels registration of 15 investment advisers for non-payment of renewal fees

In a decisive action on Friday, Sebi announced the cancellation of registration certificates for fifteen investment advisers who neglected to pay their required renewal fees on time. Despite issuing notices in June, the advisers did not respond, leading to the termination of their registrations. It is essential to note that this cancellation does not free them from previous duties and financial responsibilities they owe.