Description

Remittance advice issued in the matter of M/s. Kassa Finvest Private Limited and 14 other defaulting entities under Recovery Certificate No. 1851 of 2018.

Summary

SEBI has issued a Remittance Advice in the matter of M/s. Kassa Finvest Private Limited and 14 other entities (jointly and severally) under Recovery Certificate No. 1851 of 2018. This document pertains to recovery proceedings against defaulters.

Key Points

  • Recovery action against 15 entities including M/s. Kassa Finvest Private Limited and associated individuals/entities
  • Entities are liable jointly and severally
  • Proceedings under Recovery Certificate No. 1851 of 2018
  • Multiple PAN numbers listed for the defaulting entities

Entities Involved

The following entities are subject to this remittance advice:

  1. M/s. Kassa Finvest Private Limited (AAACK1206B)
  2. Mr. Ashok Kumar (AAFPK7362N)
  3. Mr. Umashankar Sharan Shrivastav (AGKPS7923C)
  4. Mrs. Anjana Kumar (AHOPK6281C)
  5. Mr. Siddharth Shankar (AAMPS8754R)
  6. Ms. Nitika Shankar (AADPB9990K)
  7. M/s. Kassa Holdings & Consultant Private Limited (AAACK1208R)
  8. M/s. Kassa Financial Advisors Private Limited (AAACR1298Q)
  9. M/s. Mystic Cures Pvt. Ltd. (AACCM9841L)
  10. M/s. Guru Trading (AADPB9990K)
  11. M/s. GVC Capital (AADPB9990K)
  12. M/s. AARB Capital (AADPB9990K)
  13. M/s. G&G Impex (AADPB9990K)
  14. M/s. Durgamaya Advisors Pvt. Ltd (PAN Not Available)
  15. M/s. Primavalue Capital Advisors Pvt. Ltd. (AAFCP8202R)

Regulatory Changes

No regulatory framework changes. This is an enforcement action under existing recovery procedures.

Compliance Requirements

The named entities are required to comply with the remittance advice issued under the recovery certificate proceedings. This involves payment of dues as determined in Recovery Certificate No. 1851 of 2018.

Important Dates

  • Document Date: January 5, 2026
  • Recovery Certificate: No. 1851 of 2018

Impact Assessment

This enforcement action is specific to the 15 named defaulting entities. The impact is limited to these parties and does not have broader market implications. Investors and market participants should note SEBI’s continued enforcement against defaulters and non-compliant entities. The joint and several liability indicates that any of the entities can be held responsible for the full amount under recovery.

Impact Justification

Enforcement action against specific defaulting entities in recovery proceedings. Limited market-wide impact but significant for the entities involved.