Description
SEBI issues remittance order dated December 19, 2025 in recovery certificate case RC No. 7173 of 2023 for collection of outstanding dues.
Summary
SEBI has issued a remittance order dated December 19, 2025 in relation to Recovery Certificate No. 7173 of 2023. This order pertains to the remittance and collection of outstanding monetary dues from entities/noticees as determined through SEBI’s enforcement and recovery proceedings.
Key Points
- Recovery Certificate issued under RC No. 7173 of 2023
- Remittance order dated December 19, 2025
- Part of SEBI’s enforcement and recovery mechanism for outstanding dues
- Order facilitates collection of penalties/dues through prescribed recovery procedures
Regulatory Changes
No regulatory changes. This is an enforcement and recovery action under existing regulations.
Compliance Requirements
- Entities named in the recovery certificate must comply with remittance demands
- Payment of outstanding dues as per the recovery certificate
- Failure to comply may lead to further recovery action including attachment of assets
- Recovery proceedings under SEBI Act provisions
Important Dates
- Order Date: December 19, 2025
- RC Number: 7173 of 2023
- Payment deadlines as specified in the order document
Impact Assessment
For Affected Entities: High impact - entities subject to this recovery certificate face mandatory payment obligations and potential asset attachment if non-compliant.
For Market: Low impact - this is a specific enforcement action against particular entities and does not affect broader market operations or regulations.
Compliance Burden: High for named entities who must arrange for payment of outstanding dues to avoid further recovery action including potential asset seizure or bank account attachments.
Impact Justification
Recovery order affects specific entities against whom recovery proceedings have been initiated. High severity for those entities but limited broader market impact.