Description

SEBI issues Notice of Attachment against Kolar Sharex Private Limited for recovery proceedings under two restoration cases RC No. 440/2014 and 568/2015.

Summary

SEBI has issued a Notice of Attachment dated September 30, 2025, against Kolar Sharex Private Limited under Restoration Case (RC) No. 440/2014 and RC No. 568/2015. This enforcement action is part of SEBI’s recovery proceedings to secure outstanding amounts owed by the entity.

Key Points

  • Notice of Attachment issued against Kolar Sharex Private Limited
  • Action taken under two separate Restoration Cases: RC No. 440/2014 and RC No. 568/2015
  • Notice dated September 30, 2025
  • This is a formal enforcement measure by SEBI to recover dues
  • The attachment allows SEBI to secure assets of the entity to satisfy outstanding liabilities

Regulatory Changes

No new regulatory changes introduced. This is an enforcement action under existing SEBI recovery framework.

Compliance Requirements

Kolar Sharex Private Limited is required to:

  • Comply with the Notice of Attachment
  • Settle outstanding dues under the specified restoration cases
  • Respond to SEBI’s recovery proceedings
  • Cooperate with asset attachment procedures

Important Dates

  • Notice Date: September 30, 2025
  • Restoration Cases: RC No. 440/2014 and RC No. 568/2015

Impact Assessment

High Impact: This Notice of Attachment represents a serious enforcement action by SEBI. The issuance of such notices indicates that the entity has failed to comply with previous directions or pay outstanding amounts. The attachment of assets can significantly impact the operations and financial standing of Kolar Sharex Private Limited. For market participants, this serves as a warning about the consequences of non-compliance with SEBI regulations and the regulator’s commitment to recovering dues through legal enforcement mechanisms.

Impact Justification

Notice of Attachment is a serious enforcement action indicating SEBI is taking steps to recover dues from Kolar Sharex Private Limited under multiple restoration cases, signaling severe compliance violations and potential financial irregularities.