Description

SEBI issues a prohibitory order under Recovery Certificate No. 4593 of 2022 against Mr. Mohd. Tanveer Ahmed and Sunny Gupta in the matter of M/s. Stock Indication, restraining them from dealing with their assets to recover dues.

Summary

SEBI has issued a prohibitory order under Recovery Certificate No. 4593 of 2022 against Mr. Mohd. Tanveer Ahmed and Mr. Sunny Gupta in the matter of M/s. Stock Indication. The order prohibits the named individuals from transferring, alienating, or otherwise dealing with their assets and properties to facilitate recovery of outstanding dues payable to SEBI.

Key Points

  • Prohibitory order issued against Mr. Mohd. Tanveer Ahmed and Mr. Sunny Gupta
  • Recovery Certificate No. 4593 of 2022 forms the basis of this enforcement action
  • The matter pertains to M/s. Stock Indication
  • Individuals are restrained from disposing of or encumbering their assets
  • Order is part of SEBI’s ongoing recovery proceedings under the SEBI Act

Regulatory Changes

No new regulatory changes. This is an enforcement/recovery action under existing SEBI powers to issue prohibitory orders pursuant to recovery certificates under the SEBI Act, 1992 and the Second Schedule of the Income Tax Act, 1961 (as applicable to SEBI recovery proceedings).

Compliance Requirements

  • Mr. Mohd. Tanveer Ahmed and Mr. Sunny Gupta must not transfer, alienate, encumber, or otherwise deal with any of their assets/properties without prior permission from SEBI.
  • Any bank, depository, or institution holding assets of the named individuals must comply with the prohibitory order upon receipt.
  • Non-compliance with the prohibitory order may attract further legal consequences under applicable law.

Important Dates

  • Order Date: March 2, 2026
  • Recovery Certificate: No. 4593 of 2022 (originally issued in 2022)

Impact Assessment

This order has no direct impact on broader markets or trading participants. It is a targeted enforcement measure against two named individuals connected to M/s. Stock Indication. The order restricts their ability to dispose of assets until recovery of SEBI-imposed dues is completed. Market-wide impact is negligible.

Impact Justification

Routine SEBI enforcement action against specific individuals to recover dues; no broader market or systemic impact.