Description
SEBI issues general remittance order dated 14.10.2025 under RC No. 7540 of 2024 in the matter of Core Investment.
Summary
SEBI has issued a General Remittance Order dated 14.10.2025 under Recovery Certificate No. 7540 of 2024 drawn against Core Investment (Proprietor: Deepak Bamne) and Core Group (Proprietor: Matwar Mehra) in the matter of Core Investment. This order is part of SEBI’s enforcement and recovery proceedings.
Key Points
- Order issued under Recovery Certificate No. 7540 of 2024
- Entities involved: Core Investment (Prop. Deepak Bamne) and Core Group (Prop. Matwar Mehra)
- General Remittance Order for recovery of dues
- Date of order: October 14, 2025
Regulatory Changes
No new regulatory changes. This is an enforcement action under existing SEBI recovery procedures.
Compliance Requirements
- Core Investment (Prop. Deepak Bamne) must comply with the remittance order
- Core Group (Prop. Matwar Mehra) must comply with the remittance order
- Payment of dues as specified in the recovery certificate
- Entities must respond to SEBI’s recovery proceedings
Important Dates
- Order Date: October 14, 2025
- Recovery Certificate No.: 7540 of 2024
Impact Assessment
Market Impact: Low - affects specific proprietary firms only
Operational Impact: High for the named entities - remittance orders typically involve financial recovery and potential restrictions on the entities’ operations until compliance is achieved
Investor Impact: Minimal direct impact on general investors; relevant for those who may have dealings with Core Investment or Core Group
Impact Justification
Enforcement order affecting specific entities (Core Investment and Core Group) with potential financial recovery implications under RC No. 7540/2024