Description
SEBI issues demand notice under Recovery Certificate No. 8858 of 2025 against multiple defaulters in Continental Seeds and Chemicals Limited matter.
Summary
SEBI has issued a Notice of Demand under Recovery Certificate No. 8858 of 2025 dated August 13, 2025, against 13 individuals and entities in the matter of Continental Seeds and Chemicals Limited. The defaulters include various proprietors of enterprises and individuals with specified PAN numbers.
Key Points
- Recovery Certificate No. 8858 of 2025 issued on August 13, 2025
- 13 defaulters identified in Continental Seeds and Chemicals Limited matter
- Includes individual defaulters and proprietors of various enterprises
- Enforcement action under SEBI recovery proceedings
Regulatory Changes
No specific regulatory changes mentioned - this is an enforcement action under existing SEBI recovery procedures.
Compliance Requirements
Defaulters must comply with the demand notice issued under the recovery certificate. Failure to comply may result in further enforcement action including asset attachment and recovery proceedings.
Important Dates
- Notice Date: August 13, 2025
- Recovery Certificate No.: 8858 of 2025
Impact Assessment
High impact enforcement action affecting multiple entities. Investors and market participants should note SEBI’s continued enforcement efforts in matters involving market violations. This demonstrates SEBI’s commitment to recovering dues from defaulters in securities market cases.
Impact Justification
High-impact enforcement action involving multiple defaulters and recovery certificate issuance