Description

SEBI recovery proceedings under Certificate No. RC8242 of 2024 against Podium Market Research (Proprietor Suman Kumar, PAN: AMCPK0541Q) filed as Application/Petition No. 15365 of 2026.

Summary

SEBI has initiated recovery proceedings under Recovery Certificate No. RC8242 of 2024 against Podium Market Research (Proprietor: Suman Kumar, PAN: AMCPK0541Q). The matter is registered as Application/Petition No. 15365 of 2026 before the competent authority for enforcement of outstanding dues payable to SEBI.

Key Points

  • Recovery Certificate No. RC8242 of 2024 issued against Podium Market Research
  • Proprietor: Suman Kumar (PAN: AMCPK0541Q)
  • Application/Petition No. 15365 of 2026 filed for enforcement of recovery
  • Proceedings relate to non-payment of penalty/dues imposed by SEBI
  • Action is part of SEBI’s ongoing enforcement against non-compliant entities

Regulatory Changes

No new regulatory changes. This document pertains to enforcement of an existing SEBI order through recovery proceedings.

Compliance Requirements

  • Podium Market Research and its proprietor Suman Kumar are required to satisfy the outstanding dues under Recovery Certificate No. RC8242 of 2024
  • Failure to comply may result in further enforcement action including attachment of assets

Important Dates

  • Recovery Certificate issued: 2024 (RC8242 of 2024)
  • Application/Petition filed: 2026 (A.P. No. 15365 of 2026)
  • Document date: May 2026

Impact Assessment

This action is limited in scope to a single proprietorship entity (Podium Market Research). There is no broad market impact. The action signals SEBI’s continued enforcement against investment advisors and market intermediaries that fail to pay imposed penalties. Investors dealing with Podium Market Research should be aware of the ongoing regulatory action against the entity.

Impact Justification

This is a targeted enforcement/recovery action against a single entity (Podium Market Research, a proprietorship) for non-payment of SEBI-imposed dues under RC8242/2024. It has no broader market or investor impact beyond the named party.