Description
SEBI issues general remittance order dated October 17, 2025, under Recovery Certificate No. 8882 of 2025 drawn against Gopalkrishna Ratanchand Shah HUF in connection with Initial Public Offering matters at BSE.
Summary
SEBI has issued a General Remittance Order dated October 17, 2025, under Recovery Certificate No. 8882 of 2025 against Gopalkrishna Ratanchand Shah HUF (Hindu Undivided Family). This order relates to recovery proceedings in connection with matters pertaining to Initial Public Offering (ISO) at the Bombay Stock Exchange (BSE).
Key Points
- Recovery Certificate Number: 8882 of 2025
- Entity: Gopalkrishna Ratanchand Shah HUF
- Order Date: October 17, 2025 (as per RC dated September 19, 2025)
- Matter: ISO (Initial Public Offering) related issues at BSE
- Action Type: General Remittance Order for debt recovery
Regulatory Changes
No new regulatory changes. This is an enforcement action under existing SEBI recovery procedures.
Compliance Requirements
- The entity Gopalkrishna Ratanchand Shah HUF is required to comply with the recovery certificate issued by SEBI
- Payment of outstanding dues as per the recovery certificate
- Compliance with remittance procedures as specified in the order
Important Dates
- Recovery Certificate Date: September 19, 2025
- General Remittance Order Date: October 17, 2025
Impact Assessment
Market Impact: Low - This is an entity-specific enforcement action with no broader market implications.
Entity Impact: High - The HUF entity faces recovery proceedings which may include attachment of assets and bank accounts.
Precedent Value: Medium - Demonstrates SEBI’s continued enforcement of recovery mechanisms for violations related to public offerings.
Impact Justification
Enforcement action against specific entity (HUF) for recovery of dues related to ISO violations at BSE. Limited market-wide impact but significant for the entity concerned.