Description
SEBI recovery certificate notice demanding payment from Vivek Kumar Varshney in the matter of Continental Seeds and Chemicals Limited under RC No. 8867/2025.
Summary
SEBI has issued a Notice of Demand under Recovery Certificate No. 8867 of 2025 dated August 20, 2025, directed at Vivek Kumar Varshney (PAN: AWTPV7908B) identified as a defaulter in the matter involving Continental Seeds and Chemicals Limited.
Key Points
- Recovery Certificate No. 8867 of 2025 issued on August 20, 2025
- Defaulter: Vivek Kumar Varshney (PAN: AWTPV7908B)
- Matter relates to Continental Seeds and Chemicals Limited
- Formal demand notice issued by SEBI for recovery proceedings
Regulatory Changes
No regulatory changes introduced. This is an enforcement action under existing recovery proceedings framework.
Compliance Requirements
- Vivek Kumar Varshney must comply with the demand notice
- Payment of outstanding amounts as specified in the recovery certificate
- Failure to comply may result in further enforcement actions
Important Dates
- Notice Date: August 20, 2025
- Recovery Certificate Date: August 20, 2025
- Certificate Number: 8867 of 2025
Impact Assessment
This enforcement action is specific to Continental Seeds and Chemicals Limited and the identified defaulter. Impact is primarily compliance-focused with potential implications for the company’s regulatory standing. Market impact is expected to be limited given the specific nature of the proceedings.
Impact Justification
Recovery notice affects specific defaulter and company, medium market impact