Description
SEBI compliance order for remittance regarding recovery certificate against Sushma Vimalkumar Raval in audit matters of multiple companies.
Summary
SEBI issued a compliance remittance order for Recovery Certificate No. 8420 of 2024 against Sushma Vimalkumar Raval in connection with audit report matters involving ACIL Cotton Industries Ltd., Universal Credit and Securities Ltd., Mindvision Capital Ltd., and RFL International Ltd.
Key Points
- Recovery certificate enforcement action against individual party
- Multiple companies involved in audit report matters
- Administrative enforcement through recovery proceedings
- Part of SEBI’s compliance and enforcement framework
Regulatory Changes
No specific regulatory changes introduced - administrative enforcement action.
Compliance Requirements
- Subject party required to comply with remittance order
- Recovery certificate enforcement procedures apply
- Administrative compliance with SEBI directions
Important Dates
- Order Date: August 22, 2025
- Recovery Certificate: No. 8420 of 2024
Impact Assessment
Limited direct market impact as this involves specific individual enforcement action. Demonstrates SEBI’s continued focus on audit compliance and recovery of dues through administrative procedures.
Impact Justification
Recovery certificate enforcement action affects specific individual and related audit matters