Description

SEBI issues amendment to Recovery Certificate No. 7820 of 2024, modifying the original notice of demand for recovery proceedings.

Summary

SEBI has issued an amendment to the Notice of Demand previously issued under Recovery Certificate No. 7820 of 2024. This amendment modifies the terms, amounts, or other particulars of the original recovery notice issued as part of SEBI’s enforcement and recovery proceedings.

Key Points

  • Amendment pertains to Recovery Certificate No. 7820 of 2024
  • Modifies previously issued Notice of Demand
  • Part of SEBI’s ongoing enforcement and recovery proceedings
  • Affects parties named in the original recovery certificate

Regulatory Changes

This is an amendment to an existing enforcement action rather than a new regulatory change. It updates the particulars of the recovery proceedings initiated under RC No. 7820/2024.

Compliance Requirements

  • Parties named in RC No. 7820 of 2024 must take note of the amended terms
  • Compliance with the modified notice of demand is mandatory
  • Failure to comply may result in further recovery proceedings and enforcement actions
  • Affected parties should review the amendment carefully and ensure compliance with updated requirements

Important Dates

  • Amendment issued: December 12, 2025
  • Original Recovery Certificate: RC No. 7820 of 2024
  • Specific payment or compliance deadlines would be mentioned in the detailed amendment document

Impact Assessment

Direct Impact:

  • High impact on entities/individuals named in RC No. 7820 of 2024
  • May affect outstanding payment obligations or recovery timelines
  • Could modify the quantum of amounts to be recovered

Market Impact:

  • Limited market-wide impact as this is entity-specific enforcement action
  • Demonstrates SEBI’s active enforcement and recovery mechanism
  • Reinforces regulatory compliance expectations

Operational Impact:

  • Affected parties must review and adjust their compliance response
  • May require legal and financial consultation
  • Could impact settlement negotiations or ongoing proceedings

Impact Justification

Amendment to recovery proceedings indicates ongoing enforcement action. High impact for parties involved in RC No. 7820/2024, but medium importance as it affects specific entities rather than market-wide changes.