Description
SEBI issued a notice of demand to Mr. Madhav Tiwari, proprietor of Divinecommodity.co, under Recovery Certificate No. 8885 of 2025.
Summary
SEBI has issued a Notice of Demand under Recovery Certificate number 8885 of 2025 dated September 2, 2025, to Mr. Madhav Tiwari, who is the proprietor of Divinecommodity.co. This enforcement action relates to the matter of Divine Commodity, with Mr. Tiwari identified as a defaulter (PAN: AGZPT6444J).
Key Points
- Recovery Certificate No. 8885 of 2025 issued on September 2, 2025
- Targeted entity: Mr. Madhav Tiwari (Proprietor of Divinecommodity.co)
- PAN Number: AGZPT6444J
- Status: Defaulter in the matter of Divine Commodity
- Type: Enforcement action for recovery of dues
Regulatory Changes
No new regulatory changes introduced. This is an enforcement action under existing SEBI recovery provisions.
Compliance Requirements
The defaulter (Mr. Madhav Tiwari) is required to comply with the demand notice and settle the outstanding dues as per the recovery certificate. Failure to comply may result in further enforcement actions including attachment of assets and bank accounts.
Important Dates
- Notice Issue Date: September 2, 2025
- Compliance timeline will be as specified in the recovery certificate
Impact Assessment
This is a targeted enforcement action against a specific individual/entity with minimal direct impact on broader market operations. The action demonstrates SEBI’s continued focus on enforcement and recovery proceedings against defaulters in securities market matters.
Impact Justification
Recovery notice for a specific defaulter with limited market-wide impact