Description

SEBI issues General Remittance Order dated 30.09.2025 under Recovery Certificate No. 7083 of 2023 against M/s Gainer Street (Proprietor: Mr. Anoop Singh Tomar) for recovery of dues.

Summary

SEBI has issued a General Remittance Order dated 30.09.2025 under Recovery Certificate No. 7083 of 2023 against M/s Gainer Street (Proprietor: Mr. Anoop Singh Tomar). This order pertains to the recovery of dues/amounts payable to SEBI pursuant to enforcement proceedings.

Key Points

  • Order issued under Recovery Certificate No. 7083 of 2023
  • Entity: M/s Gainer Street (Proprietorship firm)
  • Proprietor: Mr. Anoop Singh Tomar
  • Order type: General Remittance Order for recovery of dues
  • Issuance date: 30th September 2025

Regulatory Changes

No new regulatory changes introduced. This is an enforcement/recovery action under existing SEBI regulations and recovery procedures.

Compliance Requirements

  • The entity/proprietor is required to remit the specified amount to SEBI as per the recovery certificate
  • Payment must be made within the stipulated timeline mentioned in the order
  • Non-compliance may lead to further enforcement actions including attachment of assets
  • The entity must follow the payment instructions and banking details specified in the order

Important Dates

  • Order Date: 30th September 2025
  • Recovery Certificate Reference: RC No. 7083 of 2023 (original certificate from 2023)
  • Payment deadline and other specific dates are mentioned in the detailed order document

Impact Assessment

Entity-Specific Impact: High - The named entity (M/s Gainer Street and its proprietor Mr. Anoop Singh Tomar) faces enforcement action for recovery of dues. Failure to comply may result in asset attachment and further legal proceedings.

Market Impact: Low - This is an enforcement action against a specific entity and does not have broader market implications. No impact on listed securities or general market operations.

Compliance Impact: This order demonstrates SEBI’s continued focus on recovery of dues from entities subject to enforcement proceedings and serves as a reminder for entities to comply with SEBI orders and pay dues in a timely manner.

Impact Justification

General Remittance Order for recovery of dues from specific entity. High severity for the named entity (Gainer Street), but low market-wide impact as it pertains to enforcement action against a single proprietorship firm.