Description
SEBI remittance advice for recovery proceedings against defaulter Uttam Kumar (PAN: CFGPK0766L) in the matter of ISO at BSE under Recovery Certificate No. 8356 of 2024.
Summary
SEBI has issued a remittance advice concerning recovery proceedings against Uttam Kumar (PAN: CFGPK0766L), a defaulter in the matter of Initial Service Offering (ISO) at BSE. This document relates to Recovery Certificate No. 8356 of 2024 and represents enforcement action for non-compliance with regulatory obligations.
Key Points
- Defaulter: Uttam Kumar
- PAN: CFGPK0766L
- Recovery Certificate No.: 8356 of 2024
- Matter: ISO at BSE
- Document Type: Remittance Advice
- Enforcement category: Recovery proceedings
Regulatory Changes
No regulatory changes are introduced by this document. This is an enforcement action under existing SEBI recovery procedures.
Compliance Requirements
This remittance advice pertains to recovery proceedings against the named defaulter. The document serves as formal notification of payment/recovery actions being undertaken by SEBI in accordance with the Recovery Certificate issued.
Important Dates
- Recovery Certificate Date: 2024
- Remittance Advice Issue Date: October 28, 2025
Impact Assessment
This is an individual enforcement action with no direct market-wide implications. The remittance advice is part of SEBI’s ongoing efforts to recover dues from defaulters and enforce regulatory compliance. Impact is limited to the specific defaulter and does not affect broader market operations or trading activities.
Impact Justification
Administrative document regarding recovery proceedings against a specific defaulter. High severity for the individual involved but low market-wide impact as it pertains to enforcement action against a single entity.