Description
SEBI issues Notice of Demand under Recovery Certificate No. 8947 of 2025 dated November 21, 2025 against Saurabh Jain (PAN: AFCPJ5870N) in the matter of Rajasthan Tubes Manufacturing Co. Ltd.
Summary
SEBI has issued a Notice of Demand under Recovery Certificate No. 8947 of 2025 dated November 21, 2025 against Saurabh Jain (PAN: AFCPJ5870N) in the matter of Rajasthan Tubes Manufacturing Co. Ltd. This notice initiates recovery proceedings for outstanding dues.
Key Points
- Recovery Certificate No. 8947 of 2025 issued on November 21, 2025
- Noticee: Saurabh Jain (PAN: AFCPJ5870N)
- Related matter: Rajasthan Tubes Manufacturing Co. Ltd.
- Notice of Demand issued for recovery of outstanding amounts
Regulatory Changes
No new regulatory changes introduced. This is an enforcement action under existing recovery provisions.
Compliance Requirements
- Saurabh Jain is required to comply with the demand notice
- Payment of outstanding dues as specified in the recovery certificate
- Failure to comply may result in further recovery actions including attachment of assets
Important Dates
- Recovery Certificate Date: November 21, 2025
- Payment deadline: As specified in the notice (refer to PDF for exact date)
Impact Assessment
This enforcement action demonstrates SEBI’s continued focus on recovery of dues from individuals involved in corporate violations. The issuance of a recovery certificate indicates that prior demands may not have been met, escalating the matter to formal recovery proceedings. This may impact the individual’s financial standing and ability to participate in securities market activities.
Impact Justification
Recovery certificate issuance indicates serious enforcement action with financial recovery proceedings against the individual in a corporate matter