Description
SEBI remittance advice for recovery against Shamugpriya International Pvt. Ltd. for trading violations in Mentha Oil futures contracts at MCX under Recovery Certificate No. 6868 of 2023.
Summary
SEBI has issued a remittance advice against Shamugpriya International Pvt. Ltd. (PAN: AAYCS6149K) under Recovery Certificate No. 6868 of 2023. The action relates to trading violations by certain entities in Mentha Oil futures contracts at Multi Commodity Exchange of India Limited (MCX).
Key Points
- Defaulter: Shamugpriya International Pvt. Ltd. (PAN: AAYCS6149K)
- Recovery Certificate No. 6868 of 2023
- Violation relates to trading in Mentha Oil futures contracts at MCX
- Part of enforcement action against multiple entities
Regulatory Changes
No specific regulatory changes mentioned in this remittance advice.
Compliance Requirements
- Payment of outstanding amounts as per recovery certificate
- Compliance with SEBI’s recovery proceedings
- Settlement of dues related to trading violations
Important Dates
- Recovery Certificate issued: 2023
- Remittance advice date: July 28, 2025
Impact Assessment
This enforcement action demonstrates SEBI’s continued focus on commodity market integrity and its commitment to recovering dues from entities involved in trading violations. The action specifically targets manipulation or irregular trading in Mentha Oil futures, which could impact commodity market confidence.
Impact Justification
Recovery proceedings against corporate entity for commodity trading violations