Description
Notice of demand under Recovery Certificate 8887/2025 issued to Madhav Tiwari, proprietor of Divinecommodity.co, for recovery proceedings.
Summary
SEBI has issued a Recovery Certificate (No. 8887/2025) dated September 2, 2025, to Mr. Madhav Tiwari, proprietor of Divinecommodity.co (PAN: AGZPT6444J), initiating formal recovery proceedings in the matter of Divine Commodity.
Key Points
- Recovery Certificate Number: 8887 of 2025
- Defaulter: Mr. Madhav Tiwari (Proprietor of Divinecommodity.co)
- PAN: AGZPT6444J
- Related Entity: Divine Commodity
- Issue Date: September 2, 2025
Regulatory Changes
No new regulatory changes. This is an enforcement action under existing SEBI recovery provisions.
Compliance Requirements
The defaulter is required to comply with the payment demands as specified in the recovery certificate. Failure to comply may result in attachment of assets and other recovery proceedings as per SEBI regulations.
Important Dates
- Certificate Issue Date: September 2, 2025
- Payment deadline and other specific dates would be mentioned in the detailed notice
Impact Assessment
This is an individual enforcement action targeting a specific defaulter. Direct market impact is minimal as it pertains to recovery proceedings against an individual/entity. However, it demonstrates SEBI’s continued enforcement of regulatory compliance and recovery of dues.
Impact Justification
Individual enforcement action with limited market impact but important for regulatory compliance