Description
SEBI issues prohibitory order against Narendra Raman Shah (PAN: AAPPS6559P) in matter of Cotton Industries Ltd, Universal Credit and Securities Ltd, Mindvision Capital Ltd and RFL International Ltd.
Summary
SEBI has issued a prohibitory order dated July 30, 2025, against Narendra Raman Shah (PAN: AAPPS6559P) under RC No. 7237/2023 and 7893/2024. The order relates to violations in connection with Cotton Industries Ltd, Universal Credit and Securities Ltd, Mindvision Capital Ltd, and RFL International Ltd.
Key Points
- Prohibitory order issued against individual entity Narendra Raman Shah
- Multiple companies involved: Cotton Industries Ltd, Universal Credit and Securities Ltd, Mindvision Capital Ltd, RFL International Ltd
- Order issued under two separate reference cases: RC No. 7237/2023 and 7893/2024
- PAN details provided for accurate identification of the prohibited entity
Regulatory Changes
Prohibitory measures implemented against the named individual in relation to securities market activities involving the specified companies.
Compliance Requirements
- Immediate cessation of prohibited activities as specified in the order
- Compliance with all directives mentioned in the prohibitory order
- Market participants to take note of restrictions on dealings with the prohibited entity
Important Dates
- Order Date: July 30, 2025
- Effective immediately upon issuance
Impact Assessment
The prohibitory order restricts the named individual’s participation in securities market activities related to the specified companies, ensuring market integrity and investor protection. Market participants should exercise caution in any dealings involving the prohibited entity.
Impact Justification
Prohibitory order indicates serious regulatory violation requiring immediate compliance action