Description
SEBI issues amendment to notices of attachment in Recovery Certificate No.7820 of 2024, modifying earlier attachment orders.
Summary
SEBI has issued an amendment to the Notices of Attachment previously issued in Recovery Certificate (RC) No.7820 of 2024. This amendment modifies the terms or scope of the earlier attachment orders issued as part of recovery proceedings against defaulting entities.
Key Points
- Amendment relates to Recovery Certificate No.7820 of 2024
- Modifies previously issued notices of attachment
- Part of SEBI’s enforcement and recovery mechanism
- Affects entities subject to the original attachment orders
Regulatory Changes
This circular amends the terms of existing attachment notices issued under RC No.7820 of 2024. The specific modifications to the attachment orders are detailed in the PDF document.
Compliance Requirements
- Entities subject to the original attachment notices must comply with the amended terms
- Banks and financial institutions holding attached accounts/assets must note the amendments
- Concerned parties should review the amended attachment orders carefully
Important Dates
- Amendment Date: December 30, 2025
- Original RC No: 7820 of 2024
Impact Assessment
The amendment has specific impact on entities and assets subject to the attachment orders in RC No.7820 of 2024. This is part of SEBI’s ongoing recovery proceedings and enforcement actions. The impact is limited to the parties directly involved in the recovery case and does not have broader market implications.
Impact Justification
Amendment to existing recovery proceedings affects specific entities under attachment orders but has limited market-wide impact