Description
SEBI issues demand notice under Recovery Certificate No. 8859 of 2025 against M Ashok Mootha (PAN: AAFPM1898R) for non-payment of turnover fees and interest levied.
Summary
SEBI has issued a Notice of Demand under Recovery Certificate No. 8859 of 2025 dated August 12, 2025, against M Ashok Mootha (PAN: AAFPM1898R) for non-payment of turnover fees and interest levied.
Key Points
- Recovery Certificate No. 8859 of 2025 issued on August 12, 2025
- Target: M Ashok Mootha (PAN: AAFPM1898R)
- Outstanding dues: Turnover fees and associated interest
- Enforcement action for fee recovery
Regulatory Changes
No specific regulatory changes. This is an enforcement action under existing provisions for recovery of outstanding fees.
Compliance Requirements
- M Ashok Mootha must pay the outstanding turnover fees and interest as demanded
- Failure to comply may result in further recovery proceedings
- Market participants should ensure timely payment of all regulatory fees to avoid similar action
Important Dates
- August 12, 2025: Date of Recovery Certificate issuance
- Payment deadline and recovery timeline to be specified in the detailed notice
Impact Assessment
This is an individual enforcement action with limited market impact. It demonstrates SEBI’s continued efforts to recover outstanding fees and maintain regulatory compliance among market participants.
Impact Justification
Enforcement action against individual defaulter for fee non-payment