Description

SEBI issues a prohibitory order under Recovery Certificate No. 4691 of 2022 against Ravi Suryanarayana, prohibiting disposal of assets to recover dues in the matter of Venus Power Ventures (India) Ltd.

Summary

SEBI has issued a Prohibitory Order under Recovery Certificate No. 4691 of 2022 against Ravi Suryanarayana in connection with the matter of Venus Power Ventures (India) Ltd. The order directs that the noticee shall not transfer, alienate, or dispose of any assets, properties, or securities until dues owed to SEBI are recovered.

Key Points

  • Recovery Certificate No. 4691 of 2022 issued against Ravi Suryanarayana
  • Order prohibits transfer, alienation, or disposal of assets and securities
  • Related to the matter of Venus Power Ventures (India) Ltd.
  • Issued under SEBI’s recovery proceedings mechanism to enforce collection of outstanding dues
  • Part of SEBI’s ongoing enforcement actions to recover penalties from defaulters

Regulatory Changes

No new regulatory changes introduced. This is an enforcement/recovery action under existing SEBI recovery proceedings framework.

Compliance Requirements

  • Ravi Suryanarayana is prohibited from transferring, alienating, encumbering, or disposing of any assets, properties, or securities
  • Any bank, depository, or financial institution holding assets of the noticee must comply with the prohibitory order
  • Third parties are put on notice not to facilitate any transactions involving the noticee’s assets in contravention of this order

Important Dates

  • Recovery Certificate No. 4691 originally issued: 2022
  • Prohibitory order published: March 2, 2026
  • Order remains in effect until dues are recovered or further directions from SEBI

Impact Assessment

This order has limited broader market impact. It is targeted enforcement against a specific individual (Ravi Suryanarayana) arising from the Venus Power Ventures (India) Ltd. matter. The action reflects SEBI’s continued use of recovery proceedings to enforce collection of outstanding penalties and dues from violators. No impact on general trading operations or market participants beyond the named party.

Impact Justification

Enforcement action against a specific individual for recovery of dues; no broad market impact. Relevant only to the named party and Venus Power Ventures (India) Ltd.