Description

SEBI issues remittance order for Recovery Certificate No. 8580 of 2025 against Ramkumar Bholanath Yadav in connection with regulatory violations related to Manaksia Coated Metals and Industries Limited.

Summary

SEBI has issued a remittance order for Recovery Certificate No. 8580 of 2025 against Ramkumar Bholanath Yadav in connection with regulatory violations related to Manaksia Coated Metals and Industries Limited. This enforcement action represents SEBI’s continued efforts to recover funds from individuals involved in securities market violations.

Key Points

  • Recovery certificate issued against individual: Ramkumar Bholanath Yadav
  • Related to company: Manaksia Coated Metals and Industries Limited
  • Certificate number: 8580 of 2025
  • Document type: Remittance Order for compliance enforcement
  • Part of SEBI’s enforcement mechanism for regulatory violations

Regulatory Changes

No new regulatory changes introduced. This document represents enforcement of existing SEBI regulations and recovery procedures.

Compliance Requirements

  • Individual must comply with the remittance order as specified
  • Payment/recovery of amounts as determined in the certificate
  • Adherence to SEBI’s enforcement directions and timelines
  • Cooperation with ongoing regulatory proceedings

Important Dates

  • Document issued: July 28, 2025
  • Recovery Certificate No.: 8580 of 2025
  • Compliance deadlines as specified in the order

Impact Assessment

Individual Impact: Direct financial recovery action against Ramkumar Bholanath Yadav requiring compliance with remittance obligations.

Company Impact: Potential indirect reputational impact on Manaksia Coated Metals and Industries Limited due to regulatory action against associated individual.

Market Impact: Limited broader market impact as this is an individual enforcement action rather than systemic regulatory change. Demonstrates SEBI’s active enforcement capabilities.

Impact Justification

Individual enforcement action with company connection demonstrates regulatory oversight but has limited systemic market impact