Description
SEBI amends notices of attachment issued under Recovery Certificate No.7819 of 2024 for recovery proceedings.
Summary
SEBI has issued an amendment to the Notices of Attachment previously issued in Recovery Certificate No.7819 of 2024. This amendment modifies the earlier attachment notices issued as part of recovery proceedings against defaulters.
Key Points
- Amendment relates to Recovery Certificate No.7819 of 2024
- Modifies previously issued notices of attachment
- Part of SEBI’s enforcement and recovery mechanism
- Affects bank accounts, demat accounts, and other assets of defaulters
Regulatory Changes
This is an amendment to existing attachment notices rather than a new regulatory change. The amendment updates the terms or scope of the original attachment notices issued under the recovery certificate.
Compliance Requirements
- Banks and depositories must comply with the amended attachment notices
- Defaulters subject to the recovery proceedings must adhere to the modified attachment terms
- Financial institutions holding attached assets must update their records accordingly
Important Dates
- Amendment Date: December 30, 2025
- Original Recovery Certificate: RC No.7819 of 2024
Impact Assessment
The amendment has a targeted impact on specific defaulters and their financial institutions. It does not affect broader market operations or regulatory requirements for general market participants. The modification ensures accurate enforcement of recovery proceedings under the existing certificate.
Impact Justification
Administrative amendment to existing attachment notices under recovery proceedings; affects specific defaulters but not broad market