Description
SEBI issues an amendment to the Notice of Demand in Recovery Certificate No. 7558 of 2024.
Summary
SEBI has issued an amendment to the Notice of Demand issued in Recovery Certificate (RC) No. 7558 of 2024. This circular modifies the terms or details of the original demand notice issued against specific entities in ongoing recovery proceedings.
Key Points
- Amendment issued to Recovery Certificate No. 7558 of 2024
- Relates to SEBI’s recovery and enforcement proceedings
- Modifies previously issued Notice of Demand
- Administrative correction or update to recovery proceedings
Regulatory Changes
No new regulatory changes introduced. This is an administrative amendment to existing recovery proceedings.
Compliance Requirements
Entities named in RC No. 7558 of 2024 must:
- Note the amendments to the original Notice of Demand
- Comply with the modified terms as specified in the amended notice
- Respond within the timelines specified in the amended notice
Important Dates
Specific dates would be mentioned in the detailed circular document. Affected parties should refer to the official PDF for exact deadlines and compliance timelines.
Impact Assessment
Market Impact: Minimal. This is an administrative amendment to specific recovery proceedings.
Entity Impact: Affects only the specific entities named in RC No. 7558 of 2024 who are subject to SEBI recovery proceedings.
Compliance Impact: Entities subject to this recovery certificate must review the amendments and ensure compliance with modified terms.
Impact Justification
Administrative amendment to a recovery notice affecting specific entities under enforcement proceedings; limited market-wide impact