Description
SEBI issues General Remittance Order under Recovery Certificate No. 8917 of 2025 against Subhash Vithoba Dongre for recovery proceedings related to Generic Engineering Construction and Project Limited.
Summary
SEBI has issued a General Remittance Order dated December 1, 2025, under Recovery Certificate No. 8917 of 2025. The order is drawn against Subhash Vithoba Dongre in connection with matters related to Generic Engineering Construction and Project Limited. This represents enforcement action for recovery of amounts due to SEBI.
Key Points
- Recovery Certificate No. 8917 of 2025 issued
- Order dated December 1, 2025
- Issued against: Subhash Vithoba Dongre
- Related entity: Generic Engineering Construction and Project Limited
- Nature: General Remittance Order for recovery proceedings
Regulatory Changes
No regulatory framework changes. This is an individual enforcement action under existing recovery provisions.
Compliance Requirements
- Subhash Vithoba Dongre is subject to recovery proceedings under the specified Recovery Certificate
- All entities holding assets or accounts of the concerned individual must comply with remittance instructions as per SEBI’s recovery orders
- Banks and financial institutions may be required to freeze or remit funds as directed
Important Dates
- Order Date: December 1, 2025
- Recovery Certificate: RC No. 8917 of 2025
Impact Assessment
Market Impact: Low - This is an individual enforcement action against a specific person related to a particular company. Does not affect broader market operations or trading.
Compliance Impact: High for the individual concerned and any institutions holding their assets. Medium for Generic Engineering Construction and Project Limited in terms of reputational considerations.
Operational Impact: Limited to recovery proceedings against the named individual. Financial institutions may need to take action if they hold accounts or assets of Subhash Vithoba Dongre.
Impact Justification
Recovery proceedings against individual related to Generic Engineering Construction and Project Limited; impacts specific entity and individual rather than broader market.