Description
SEBI recovery proceedings against defaulter Komal (PAN: DSSPK2912L) under Recovery Certificate No. 8468 of 2024 for trading violations.
Summary
SEBI has issued a remittance advice against Komal (PAN: DSSPK2912L) as part of recovery proceedings under Recovery Certificate No. 8468 of 2024. This action relates to trading activities in the scrip of Vikas Proppant and Granite Limited that violated securities regulations.
Key Points
- Individual defaulter: Komal (PAN: DSSPK2912L)
- Recovery proceedings under Certificate No. 8468 of 2024
- Violations related to trading in Vikas Proppant and Granite Limited
- Part of SEBI’s enforcement action against unauthorized trading activities
Regulatory Changes
No new regulatory changes introduced. This represents enforcement of existing securities regulations.
Compliance Requirements
- Recovery proceedings initiated against the defaulter
- Payment of outstanding amounts as determined by SEBI
- Cessation of unauthorized trading activities
Important Dates
- Circular Date: July 28, 2025
- Recovery Certificate: No. 8468 of 2024
Impact Assessment
Limited market impact as this involves enforcement action against a specific individual defaulter. The action demonstrates SEBI’s commitment to pursuing recovery against violators of securities regulations, particularly in cases involving unauthorized trading activities.
Impact Justification
Recovery proceedings indicate serious compliance violations but limited to specific defaulter