Description
SEBI issues prohibitory order under Recovery Certificate No. 4704 of 2022 against Vadlamudi Srikrishna (PAN: ADNPV5504C) in connection with Venus Power Ventures (India) Ltd.
Summary
SEBI has issued a prohibitory order under Recovery Certificate No. 4704 of 2022 against Vadlamudi Srikrishna (PAN: ADNPV5504C) in the matter of Venus Power Ventures (India) Ltd. This order pertains to recovery proceedings for outstanding dues to SEBI.
Key Points
- Recovery Certificate No. 4704 of 2022 issued against Vadlamudi Srikrishna
- PAN of the individual: ADNPV5504C
- Matter relates to Venus Power Ventures (India) Ltd
- Prohibitory order issued to enforce recovery of dues
Regulatory Changes
No new regulatory changes introduced. This is an enforcement action under existing recovery mechanisms.
Compliance Requirements
- Vadlamudi Srikrishna must comply with the recovery certificate and prohibitory order
- Outstanding dues to SEBI must be settled as per the recovery certificate
- Non-compliance may result in further enforcement actions including attachment of assets
Important Dates
- Recovery Certificate Date: 2022
- Prohibitory Order Date: February 2, 2026
Impact Assessment
Market Impact: Low - This is an individual enforcement action with limited broader market implications.
Entity Impact: High for Vadlamudi Srikrishna - Prohibitory measures restrict financial activities until recovery is completed.
Compliance Significance: This order demonstrates SEBI’s continued enforcement of recovery proceedings against individuals who have outstanding dues from previous regulatory actions or penalties.
Impact Justification
Enforcement action against specific individual in recovery proceedings; limited broader market impact but significant for the individual and entity involved