Description
SEBI issues prohibitory order under Recovery Certificate No. 4693 of 2022 against Inaganti Vishnu Sekhar (PAN: AAMPI3761J) in connection with Venus Power Ventures (India) Ltd.
Summary
SEBI has issued a prohibitory order under Recovery Certificate No. 4693 of 2022 against Inaganti Vishnu Sekhar (PAN: AAMPI3761J) in the matter of Venus Power Ventures (India) Ltd. This order pertains to recovery proceedings for outstanding dues owed to SEBI.
Key Points
- Recovery Certificate No. 4693 of 2022 issued against Inaganti Vishnu Sekhar
- PAN of the individual: AAMPI3761J
- Matter relates to Venus Power Ventures (India) Ltd.
- Prohibitory order issued to enforce recovery of dues
- Order published February 25, 2026 under SEBI’s enforcement/recovery proceedings
Regulatory Changes
No new regulatory changes introduced. This is an enforcement action under existing recovery mechanisms established by SEBI.
Compliance Requirements
- Inaganti Vishnu Sekhar must comply with the recovery certificate and prohibitory order
- Outstanding dues to SEBI must be settled as per Recovery Certificate No. 4693 of 2022
- Non-compliance may result in further enforcement actions including attachment of assets
- Banks and financial institutions are directed not to allow disposal of assets belonging to the defaulter
Important Dates
- Recovery Certificate No.: 4693 of 2022
- Prohibitory Order Date: February 25, 2026
Impact Assessment
Market Impact: Low - This is an individual enforcement action with limited broader market implications.
Entity Impact: High for Inaganti Vishnu Sekhar - Prohibitory measures restrict financial activities until recovery is completed.
Compliance Significance: This order demonstrates SEBI’s continued enforcement of recovery proceedings against individuals with outstanding dues from previous regulatory actions or penalties related to Venus Power Ventures (India) Ltd.
Impact Justification
Enforcement action against a specific individual under recovery proceedings; limited broader market impact but significant for the individual and entity involved