Description
SEBI has issued Recovery Certificate No. RC8242 of 2024 and filed Application Proceedings (A.P. No. 15364 of 2026) for recovery of dues from Podium Market Research, a proprietorship firm of Suman Kumar (PAN: AMCPK0541Q).
Summary
SEBI has issued Recovery Certificate No. RC8242 of 2024 against Podium Market Research (Proprietor: Suman Kumar, PAN: AMCPK0541Q) and has filed Application Proceedings No. 15364 of 2026 for recovery of outstanding dues. This is an enforcement action under Section 28A of the SEBI Act, 1992, which empowers SEBI to recover monetary penalties and dues as arrears of land revenue.
Key Points
- Recovery Certificate No. RC8242 of 2024 issued against Podium Market Research
- Application Proceedings No. 15364 of 2026 filed for execution of the recovery certificate
- Entity: Podium Market Research (Proprietorship firm of Suman Kumar)
- PAN of the proprietor: AMCPK0541Q
- Recovery action initiated under Section 28A of the SEBI Act, 1992
Regulatory Changes
No new regulatory changes. This is an enforcement/recovery proceeding under existing SEBI powers.
Compliance Requirements
The concerned entity (Podium Market Research / Suman Kumar) is required to comply with the recovery proceedings and settle outstanding dues with SEBI. Failure to comply may result in further coercive recovery measures including attachment of assets.
Important Dates
- Recovery Certificate issued: 2024 (RC8242 of 2024)
- Application Proceedings filed: 2026 (A.P. No. 15364 of 2026)
- Published on SEBI website: 2026-05-13
Impact Assessment
This is a targeted enforcement action against a single proprietorship entity. There is no broader market impact. Investors and market participants are not directly affected. The action signals SEBI’s continued pursuit of recovery of dues from non-compliant entities.
Impact Justification
Entity-specific SEBI recovery enforcement action against a single proprietorship firm; no broad market or regulatory policy impact.