Description
SEBI issues general remittance order dated 13.08.2025 under Recovery Certificate No. 7194 of 2023 against Pradeep Syamsundar Swain in the matter of Sarang Chemicals Ltd.
Summary
SEBI has issued a General Remittance Order dated 13.08.2025 under Recovery Certificate No. 7194 of 2023 against Pradeep Syamsundar Swain in the matter of Sarang Chemicals Ltd. This represents enforcement action for recovery of dues or penalties.
Key Points
- Recovery Certificate No. 7194 of 2023 being executed
- Individual enforcement action against Pradeep Syamsundar Swain
- Related to Sarang Chemicals Ltd matter
- General remittance order mechanism being used for recovery
Regulatory Changes
No new regulatory changes introduced - this is an enforcement action under existing recovery framework.
Compliance Requirements
Compliance with the recovery order as specified in the detailed document is required from the named individual.
Important Dates
- Order Date: 13.08.2025
- Original Recovery Certificate: 2023 (RC No. 7194)
Impact Assessment
Limited market impact as this is an individual enforcement action. Specific to recovery proceedings against one person in relation to Sarang Chemicals Ltd matter. No broader regulatory or market-wide implications indicated.
Impact Justification
Recovery order against individual in relation to specific company matter - limited broader market impact