Description
SEBI has issued an amendment to the Notice of Demand in Recovery Certificate No. 7819 of 2024, modifying the previously issued demand notice.
Summary
SEBI has issued an amendment to the Notice of Demand previously issued in Recovery Certificate (RC) No. 7819 of 2024. This amendment modifies the terms or details of the original demand notice issued as part of SEBI’s recovery proceedings against entities or individuals.
Key Points
- Amendment relates to Recovery Certificate No. 7819 of 2024
- Modifies previously issued Notice of Demand
- Part of SEBI’s enforcement and recovery proceedings
- Issued on December 12, 2025
Regulatory Changes
This is an amendment to an existing recovery notice and does not introduce new regulatory changes. It updates the terms of the demand notice in the specified recovery proceedings.
Compliance Requirements
- Entities/individuals named in RC No. 7819 of 2024 must comply with the amended demand notice
- Payment or response as per the amended terms and timelines specified in the notice
- Failure to comply may result in further recovery and enforcement actions by SEBI
Important Dates
- Amendment Date: December 12, 2025
- Compliance deadlines as specified in the amended notice
Impact Assessment
This amendment has high impact on the specific parties named in RC No. 7819 of 2024. It modifies the recovery demand obligations and may affect payment amounts, timelines, or other terms of the original demand. Non-compliance could lead to escalated enforcement measures including attachment of assets, bank accounts, or demat accounts.
Impact Justification
Amendment to recovery demand notice affects parties subject to SEBI enforcement proceedings under RC 7819/2024