Description
SEBI issues General Remittance Order dated 06.11.2025 under Recovery Certificate No. 6364 of 2023 against Dolphin Universal Rural Development Limited and seven individuals including Shri Anindyo Paul, Shri Debraj Mitra, Shri Koushik Dutta, Shri Rana Sikdar, Shri Saugata Basu, and Shri Subham Bose.
Summary
SEBI has issued a General Remittance Order dated November 6, 2025, under Recovery Certificate No. 6364 of 2023. This order is drawn against Dolphin Universal Rural Development Limited and seven individuals: Shri Anindyo Paul, Shri Debraj Mitra, Shri Koushik Dutta, Shri Rana Sikdar, Shri Saugata Basu, and Shri Subham Bose. The order pertains to enforcement proceedings in the matter of Dolphin Universal Rural Development Limited.
Key Points
- Recovery Certificate No. 6364 of 2023
- General Remittance Order issued on November 6, 2025
- Seven individuals and one corporate entity are subject to this order
- Enforcement action related to Dolphin Universal Rural Development Limited
- Order issued as part of SEBI’s recovery proceedings
Regulatory Changes
No new regulatory changes. This is an enforcement action under existing recovery procedures.
Compliance Requirements
- Dolphin Universal Rural Development Limited and the named individuals must comply with the remittance order
- Subject parties are required to follow the instructions specified in the General Remittance Order
- Non-compliance may lead to further enforcement actions including attachment of assets
Important Dates
- Order Date: November 6, 2025
- Recovery Certificate: RC No. 6364 of 2023
Impact Assessment
Entity-Specific Impact: High impact on Dolphin Universal Rural Development Limited and the seven named individuals who are subject to recovery proceedings.
Market Impact: Limited to negligible. This is an entity-specific enforcement action with no broader market implications.
Investor Consideration: Investors should be aware of ongoing enforcement proceedings against the company and its associates. This indicates regulatory non-compliance issues that may affect the entity’s operations and reputation.
Impact Justification
Recovery order affects specific entities only; limited market-wide impact but significant for parties involved