Description
SEBI has issued a Notice of Demand dated 09.10.2025 under Recovery Certificate No. 8919 of 2025 drawn against Arun Ramchandra Gole in connection with Generic Engineering Construction and Projects Limited.
Summary
SEBI has issued a Notice of Demand dated 09.10.2025 under Recovery Certificate (RC) No. 8919 of 2025 against Arun Ramchandra Gole in the matter of Generic Engineering Construction and Projects Limited. This notice is issued as part of SEBI’s recovery proceedings to collect outstanding amounts arising from regulatory enforcement actions.
Key Points
- Recovery Certificate No.: 8919 of 2025
- Date of Notice: 09.10.2025
- Individual Named: Arun Ramchandra Gole
- Associated Company: Generic Engineering Construction and Projects Limited
- Document Type: Notice of Demand under recovery proceedings
- Recovery proceedings initiated by SEBI’s Recovery Officer
Regulatory Changes
This document does not introduce regulatory changes but represents enforcement of existing securities regulations through the recovery mechanism.
Compliance Requirements
- The noticee (Arun Ramchandra Gole) is required to pay the demanded amount within the stipulated timeline
- Failure to comply may result in further coercive recovery measures including attachment of assets, bank account freezing, or arrest
- The notice likely specifies payment details and deadline for compliance
- The individual must respond to the Recovery Officer as per the notice directions
Important Dates
- Notice Issue Date: 09.10.2025
- Payment Deadline: As specified in the notice (PDF content not accessible)
- Further action timeline would be mentioned in the notice
Impact Assessment
Individual Impact (High): Arun Ramchandra Gole faces direct financial liability and potential coercive recovery actions if the demand is not satisfied. This may include attachment of personal assets, bank accounts, and in severe cases, arrest warrants.
Company Impact (High): Generic Engineering Construction and Projects Limited faces reputational damage from regulatory enforcement actions. The association of key individuals with recovery proceedings may affect investor confidence and market perception.
Market Impact (Medium to High): Recovery proceedings indicate past regulatory violations that may have affected investor interests. The enforcement action serves as a deterrent and demonstrates SEBI’s commitment to investor protection.
Note: This analysis is based on metadata only as the PDF is image-based. For complete details including the exact amount demanded, specific violations, payment deadline, and recovery procedure, please refer to the original PDF document at the provided URL.
Impact Justification
Notice of Demand under Recovery Certificate indicates serious enforcement action by SEBI for recovery of dues, penalties, or disgorgement amounts. This affects both the individual (Arun Ramchandra Gole) and the company (Generic Engineering Construction and Projects Limited), suggesting regulatory violations with financial consequences.