Description
SEBI remittance advice against defaulter Puneet (PAN: CMNPP7587E) in trading activities matter of Vikas Proppant and Granite Limited under Recovery Certificate No. 8476 of 2024.
Summary
SEBI has issued a remittance advice against Puneet (PAN: CMNPP7587E), who has been declared a defaulter in connection with trading activities in the scrip of Vikas Proppant and Granite Limited. This enforcement action is being taken under Recovery Certificate No. 8476 of 2024.
Key Points
- Defaulter: Puneet (PAN: CMNPP7587E)
- Company involved: Vikas Proppant and Granite Limited
- Recovery Certificate No.: 8476 of 2024
- Nature: Trading activities violations
- Action: Remittance advice for recovery proceedings
Regulatory Changes
No specific regulatory changes are introduced by this circular.
Compliance Requirements
- Puneet must comply with the recovery demands as per the certificate
- Any outstanding dues or penalties must be settled as directed
- Compliance with trading regulations going forward
Important Dates
- Recovery Certificate issued: 2024
- Remittance advice date: July 28, 2025
Impact Assessment
This is an individual enforcement action targeting a specific defaulter. The impact is limited to the individual concerned and serves as a deterrent for similar violations. It demonstrates SEBI’s commitment to pursuing recovery actions against market violators.
Impact Justification
Recovery action against specific defaulter in trading violations case