Description
SEBI issues notice of demand for recovery certificate against Rajesh Rajnikant Mehta in the matter of Jay Energy and S. Energies Limited.
Summary
SEBI has issued a Notice of Demand for Recovery Certificate No. 8933 of 2025 against Rajesh Rajnikant Mehta in connection with the matter of Jay Energy and S. Energies Limited. This notice represents enforcement action to recover outstanding amounts through the recovery certificate mechanism.
Key Points
- Recovery Certificate No. 8933 of 2025 issued against Rajesh Rajnikant Mehta
- Matter relates to Jay Energy and S. Energies Limited
- Notice issued on October 28, 2025
- Enforcement action for recovery of dues
Regulatory Changes
No regulatory framework changes. This is an enforcement action under existing recovery provisions.
Compliance Requirements
- Rajesh Rajnikant Mehta is required to comply with the demand notice
- Payment of outstanding amounts as specified in the recovery certificate
- Failure to comply may result in further enforcement measures including attachment of assets
Important Dates
- Notice Issue Date: October 28, 2025
- Payment deadline and other specific dates would be mentioned in the detailed notice
Impact Assessment
Entities Affected: Rajesh Rajnikant Mehta (primary), Jay Energy and S. Energies Limited (related entities)
Market Impact: Limited direct market impact. This is a specific enforcement action against an individual related to particular companies.
Compliance Impact: Demonstrates SEBI’s continued use of recovery certificate mechanism for enforcement of outstanding dues and penalties in securities market violations.
Impact Justification
Recovery certificate notice against individual in a specific securities matter - significant for parties involved but limited broader market impact