Description
SEBI prohibitory order for recovery certificates against Shivkumar Agrawal and Madhudevi Agrawal in the matter of Gujarat Arth Limited.
Summary
SEBI has issued a prohibitory order for compliance regarding Recovery Certificate No. 2098 and 2101 of 2019 against Shivkumar Agrawal and Madhudevi Agrawal in the matter of Gujarat Arth Limited. This order relates to enforcement and recovery proceedings initiated by SEBI.
Key Points
- Recovery Certificate Numbers: 2098 and 2101 of 2019
- Parties involved: Shivkumar Agrawal and Madhudevi Agrawal
- Related entity: Gujarat Arth Limited
- Order type: Prohibitory order for compliance
Regulatory Changes
No new regulatory changes are introduced. This is an enforcement action pursuant to existing recovery proceedings.
Compliance Requirements
- Shivkumar Agrawal and Madhudevi Agrawal are subject to prohibitory measures
- Compliance with recovery certificate requirements as specified in the order
- Restrictions as per SEBI’s enforcement mechanism
Important Dates
- Recovery Certificate Year: 2019
- Order Date: January 16, 2026
Impact Assessment
This order has specific impact on the named individuals (Shivkumar Agrawal and Madhudevi Agrawal) in relation to Gujarat Arth Limited. The prohibitory order restricts their activities as part of SEBI’s recovery proceedings. Market impact is limited to the specific parties involved, though it demonstrates SEBI’s active enforcement of compliance and recovery measures.
Impact Justification
Prohibitory order for recovery against specific individuals in relation to Gujarat Arth Limited. Affects named individuals but has limited broader market impact.