Description
SEBI recovery certificate demanding payment from Suraj G Prajapati in connection with Svarnim Trade Udyog Limited matter.
Summary
SEBI has issued Recovery Certificate No. 8942 of 2025 dated November 14, 2025 against Suraj G Prajapati (PAN - ALYPP7089F) demanding payment of outstanding dues in the matter of Svarnim Trade Udyog Limited. This is an enforcement action to recover amounts due to SEBI.
Key Points
- Recovery Certificate No. 8942 of 2025 issued on November 14, 2025
- Notice issued against: Suraj G Prajapati (PAN - ALYPP7089F)
- Related to the matter of Svarnim Trade Udyog Limited
- Part of SEBI’s enforcement and recovery proceedings
Regulatory Changes
No new regulatory changes. This is an enforcement action under existing recovery mechanisms.
Compliance Requirements
- Suraj G Prajapati is required to pay the demanded amount as specified in the recovery certificate
- Non-compliance may lead to further recovery proceedings including attachment of assets
- Payment must be made to SEBI as per the terms specified in the certificate
Important Dates
- Recovery Certificate Issue Date: November 14, 2025
- Payment deadline: As specified in the recovery certificate
Impact Assessment
This is an individual enforcement action with limited market-wide impact. The notice affects only the named individual in relation to the Svarnim Trade Udyog Limited matter. It represents SEBI’s continuing efforts to enforce compliance and recover dues from defaulters. Market participants and investors are not directly affected unless they have dealings with the named individual or entity.
Impact Justification
Individual recovery action against specific person, limited market-wide impact but high severity for the individual concerned