Description
SEBI issues General Remittance Order dated 14.10.2025 under RC No. 8014 of 2024 against Kratika Commercial Private Limited in connection with Initial Public Offering (ISO) proceedings at BSE.
Summary
SEBI has issued a General Remittance Order dated October 14, 2025 under Recovery Certificate (RC) No. 8014 of 2024 against Kratika Commercial Private Limited. The order relates to proceedings concerning an Initial Stock Offering (ISO) at the Bombay Stock Exchange (BSE). General Remittance Orders are typically issued as part of SEBI’s recovery and enforcement mechanism to remit amounts collected from defaulting entities.
Key Points
- General Remittance Order issued on October 14, 2025
- Recovery proceedings under RC No. 8014 of 2024
- Entity involved: Kratika Commercial Private Limited
- Matter concerns Initial Stock Offering (ISO) at BSE
- Order issued as part of SEBI’s enforcement and recovery process
Regulatory Changes
No new regulatory framework changes. This is an enforcement order under existing SEBI recovery procedures.
Compliance Requirements
Kratika Commercial Private Limited must comply with the remittance order as per the terms specified in RC No. 8014 of 2024. Non-compliance may lead to further enforcement actions including attachment of assets and bank accounts.
Important Dates
- Order Date: October 14, 2025
- Recovery Certificate: RC No. 8014 of 2024
Impact Assessment
This order represents a significant enforcement action against Kratika Commercial Private Limited. General Remittance Orders are issued when SEBI has successfully recovered amounts from defaulting entities and is remitting these funds. The involvement of ISO proceedings at BSE suggests potential violations related to public offering norms, disclosure requirements, or other capital market regulations. The order may impact the entity’s ability to access capital markets and could result in further regulatory restrictions.
Impact Justification
General Remittance Order indicates enforcement action under ongoing recovery proceedings, suggesting significant regulatory violations related to Initial Stock Offering at BSE with financial implications