Description

SEBI issues a release order for Recovery Certificate No. 7930 of 2024 against Restock Research, Proprietor Raj Kumar Kushwah (PAN: BWZPK7725C), releasing attachments on bank accounts, demat accounts, and mutual fund folios upon compliance.

Summary

SEBI has issued a Release Order for Recovery Certificate No. 7930 of 2024 against Restock Research, a proprietorship firm owned by Raj Kumar Kushwah (PAN: BWZPK7725C). The release order pertains to the lifting of attachments previously placed on bank accounts, demat accounts, and mutual fund folios of the entity, following compliance with the recovery certificate obligations.

Key Points

  • Recovery Certificate No. 7930 of 2024 issued against Restock Research and its proprietor Raj Kumar Kushwah (PAN: BWZPK7725C)
  • SEBI issues a formal Release Order, indicating the entity has fulfilled its payment/compliance obligations under the recovery certificate
  • The release covers bank accounts, demat accounts, and mutual fund folios that were subject to attachment
  • Restock Research is a proprietary research/advisory entity subject to SEBI enforcement proceedings

Regulatory Changes

No new regulatory changes. This is an enforcement compliance order — SEBI’s Recovery Officer issues the release after confirming the dues under the recovery certificate have been satisfied.

Compliance Requirements

  • Banks, depositories, and mutual fund registrars/transfer agents holding accounts of Restock Research and Raj Kumar Kushwah (PAN: BWZPK7725C) are directed to release the attachments on the specified accounts and folios
  • No further attachment or freeze is required once the release order is issued
  • Relevant financial institutions should update their records to reflect the lifted restrictions

Important Dates

  • Recovery Certificate No. 7930 issued: 2024
  • Release Order issued: February 27, 2026

Impact Assessment

This order has no broader market impact. It is an entity-specific enforcement action confirming that Restock Research and its proprietor Raj Kumar Kushwah have complied with the dues owed under Recovery Certificate No. 7930 of 2024. The release of bank accounts, demat accounts, and mutual fund folios restores normal financial access to the named entity. Market participants and investors are not directly affected.

Impact Justification

Entity-specific enforcement and compliance order with no broad market impact; release of attachments indicates compliance achieved by the named individual/entity.