Description
SEBI notice for attachment of financial accounts under Recovery Certificate No. 5718 of 2022 due to non-redressal of investor grievances.
Summary
SEBI has issued a notice for attachment of bank accounts and demat accounts against Metalman Industries Limited (PAN: AAACM9510G) under Application Numbers 9698 & 9699 of 2023 dated September 09, 2025. This enforcement action is taken under Recovery Certificate No. 5718 of 2022 for non-redressal of investor grievances.
Key Points
- Defaulter: Metalman Industries Limited (PAN: AAACM9510G)
- Action: Attachment of bank accounts and demat accounts
- Reason: Non-redressal of investor grievances
- Recovery Certificate No.: 5718 of 2022
- Application Numbers: 9698 & 9699 of 2023
Regulatory Changes
Enforcement action under SEBI’s recovery proceedings for non-compliance with investor grievance redressal mechanisms.
Compliance Requirements
Metalman Industries Limited must address the outstanding investor grievances to avoid continued enforcement actions and potential recovery of dues.
Important Dates
- Notice Date: September 09, 2025
- Recovery Certificate: 2022
- Application Date: 2023
Impact Assessment
High impact enforcement action that restricts the company’s access to financial accounts, signaling serious regulatory non-compliance. This action serves as a warning to other entities about the consequences of failing to address investor grievances promptly.
Impact Justification
High severity enforcement action involving asset attachment for non-compliance with investor grievance redressal