Description
SEBI issued a Notice of Demand under Recovery Certificate No. 8940 of 2025 against Jalaj Agrawal for recovery of monetary penalties in the matter of Svarnim Trade Udyog Limited. This is a formal demand notice for the recovery of dues.
Summary
SEBI has issued Notice of Demand under Recovery Certificate No. 8940 of 2025 dated November 14, 2025, against Jalaj Agrawal (PAN - AUDPA0226H) in the matter of Svarnim Trade Udyog Limited. The notice pertains to the recovery of monetary penalties previously imposed by SEBI.
Key Points
- Recovery Certificate Number: 8940 of 2025
- Respondent: Jalaj Agrawal (PAN - AUDPA0226H)
- Matter: Svarnim Trade Udyog Limited
- Notice Date: November 14, 2025
- Purpose: Recovery of monetary dues under the provisions of the Recovery of Public Moneys Act, 1963
Regulatory Changes
This notice represents the enforcement stage of SEBI’s regulatory action, where earlier orders imposing monetary penalties are being pursued for recovery.
Compliance Requirements
- Payment of the outstanding amount as specified in the notice
- Compliance with the recovery certificate proceedings
- Adherence to any payment schedules or directions issued by SEBI or authorized officers
Important Dates
- Notice Date: November 14, 2025
- Recovery Certificate Number: 8940 of 2025
Impact Assessment
This is a formal demand notice indicating that monetary penalties previously imposed on Jalaj Agrawal have reached the recovery stage. Failure to comply with the demand notice may lead to further enforcement actions including recovery proceedings under applicable law.
Impact Justification
This is an official SEBI demand notice for recovery of monetary dues under a recovery certificate, which has direct compliance and financial implications for the named respondent.