Description
SEBI issues a Notice of Demand under Recovery Certificate No. 9074 of 2026 dated March 26, 2026, against defaulter Rati Agarwal (PAN: AJMPA4349K) in the matter of ISO at BSE.
Summary
SEBI has issued a Notice of Demand under Recovery Certificate No. 9074 of 2026, dated March 26, 2026, against Rati Agarwal (PAN: AJMPA4349K) in the matter of ISO (Initial Securities Offering) at BSE. This notice is part of SEBI’s recovery proceedings to enforce outstanding dues from the named defaulter.
Key Points
- Recovery Certificate No. 9074 of 2026 issued against Rati Agarwal (PAN: AJMPA4349K)
- Notice of Demand dated March 26, 2026
- Matter pertains to ISO (Initial Securities Offering) at BSE
- Rati Agarwal is identified as the defaulter in this proceeding
- SEBI is exercising its statutory power to recover dues through a recovery certificate mechanism
Regulatory Changes
No new regulatory changes. This is an enforcement/recovery action under existing SEBI recovery proceedings framework.
Compliance Requirements
- The defaulter (Rati Agarwal) is required to pay the demanded amount as specified in the Recovery Certificate No. 9074 of 2026
- Non-compliance with the notice of demand may result in further recovery action by SEBI, including attachment of assets
Important Dates
- Recovery Certificate Date: March 26, 2026
- Notice of Demand Date: March 26, 2026
Impact Assessment
This notice has no broad market or systemic impact. It is an individual enforcement action targeting a specific person (Rati Agarwal) in relation to an ISO matter at BSE. The recovery proceedings are standard SEBI enforcement tools used to collect outstanding dues from defaulters in securities market violations or unpaid obligations.
Impact Justification
This is an individual enforcement action against a specific named defaulter (Rati Agarwal) under a recovery certificate. It has high severity for the individual concerned but low broader market impact as it targets one person's outstanding dues in an ISO matter at BSE.