Description
SEBI issued a notice of demand dated 13.08.2025 under Recovery Certificate No. 8861 of 2025 against Mr. Amrit Ashok Rajani in the matter of Seya Industries Limited.
Summary
SEBI has issued a Notice of Demand dated August 13, 2025, under Recovery Certificate No. 8861 of 2025 against Mr. Amrit Ashok Rajani in connection with Seya Industries Limited. This enforcement action represents SEBI’s formal demand for recovery of amounts determined to be due.
Key Points
- Recovery Certificate No. 8861 of 2025 issued against Mr. Amrit Ashok Rajani
- Matter relates to Seya Industries Limited
- Notice dated August 13, 2025
- Formal demand for recovery under SEBI enforcement proceedings
Regulatory Changes
No new regulatory changes introduced. This represents enforcement of existing regulatory requirements.
Compliance Requirements
- Mr. Amrit Ashok Rajani must respond to the demand notice as per recovery certificate requirements
- Compliance with SEBI recovery proceedings
- Settlement of outstanding amounts as determined by SEBI
Important Dates
- Notice Date: August 13, 2025
- Recovery Certificate No.: 8861 of 2025
- Response deadlines: As specified in the notice (details not available)
Impact Assessment
This enforcement action indicates serious compliance violations related to Seya Industries Limited. The issuance of a recovery certificate suggests that previous enforcement actions have not resulted in compliance, escalating to formal recovery proceedings. Impact is primarily on the named individual and associated entities rather than broader market participants.
Impact Justification
High importance due to recovery certificate issuance indicating serious compliance violations; medium impact as it affects specific individual rather than broad market.