Description
SEBI remittance advice for recovery proceedings against Gaurav for trading activities in Vikas Proppant and Granite Limited scrip.
Summary
SEBI has issued a remittance advice against Gaurav (PAN: BULPG4710P) as part of recovery proceedings under Recovery Certificate No. 8475 of 2024. This action relates to trading activities in the scrip of Vikas Proppant and Granite Limited.
Key Points
- Individual defaulter: Gaurav (PAN: BULPG4710P)
- Recovery Certificate No. 8475 of 2024
- Related to trading activities in Vikas Proppant and Granite Limited
- Part of SEBI’s enforcement and recovery proceedings
Regulatory Changes
No regulatory changes. This is an enforcement action against a specific individual.
Compliance Requirements
- Subject individual must comply with recovery proceedings
- Payment of dues as per the recovery certificate
- Compliance with any restrictions imposed during proceedings
Important Dates
- Recovery Certificate issued: 2024
- Remittance advice date: July 28, 2025
Impact Assessment
Limited impact as this is an individual enforcement action. The action demonstrates SEBI’s continued efforts to recover dues from defaulters and maintain market integrity through enforcement proceedings.
Impact Justification
Individual enforcement action with limited market-wide impact