Description
SEBI remittance advice regarding recovery proceedings against Usha Maurya, a defaulter in the matter of Initial Service Offering (ISO) at BSE.
Summary
SEBI has issued a remittance advice against Usha Maurya (PAN: AIFPM3626B), who has been identified as a defaulter in the matter of Initial Service Offering (ISO) at BSE. This notice pertains to recovery proceedings under Recovery Certificate No. 8250 of 2024.
Key Points
- Remittance advice issued against Usha Maurya (PAN: AIFPM3626B)
- Matter relates to ISO (Initial Service Offering) at BSE
- Recovery Certificate No. 8250 of 2024
- Entity classified as defaulter
- Part of SEBI’s enforcement and recovery proceedings
Regulatory Changes
No regulatory changes introduced. This is an enforcement action under existing recovery framework.
Compliance Requirements
This notice is specific to Usha Maurya and relates to recovery of outstanding dues. No compliance requirements for other market participants.
Important Dates
- Notice Date: November 19, 2025
- Recovery Certificate No.: 8250 of 2024
Impact Assessment
This is an entity-specific enforcement action with minimal impact on broader market operations. The remittance advice is part of SEBI’s ongoing recovery proceedings against defaulters and does not affect general market participants or trading activities.
Impact Justification
Entity-specific recovery proceedings with limited market-wide impact