Securities and Exchange Board of India issues recovery order against Four Season Farms Limited
Why it matters
On April 23, 2026, the Securities and Exchange Board of India (SEBI) intensified its enforcement actions by issuing a fresh order against Four Season Farms Limited. This order, designated as Order No. 001 of 2026, is a significant procedural step in a case that dates back to 2014 (Recovery Certificate No. 0436). SEBI is mandated under the SEBI Act, 1992, to protect the interests of investors and promote the development and regulation of the securities market. The current recovery proceedings are part of a broader effort to resolve long-standing defaults in collective investment schemes or unauthorized fund-raising activities.
This event is significant for legal practitioners and financial market students as it demonstrates SEBI's long-term commitment to recovery, even in cases that have spanned over a decade. The order empowers the recovery officer to attach bank accounts, properties, and other assets belonging to the defaulter to satisfy the outstanding dues. By issuing such notifications, SEBI ensures that regulatory violations do not go unpunished and that there is a deterrent against fraudulent market practices. The focus on 'incidental matters' within the order suggests a comprehensive sweep of the company's financial operations to maximize investor compensation.
- Order Number: 001 of 2026
- Target Entity: Four Season Farms Limited
- Action Type: Recovery Proceeding
- Date of Issue: April 23, 2026
- Reference Case: RC No. 0436 of 2014
Glossary
Recovery Certificate (RC): A legal document issued by a regulatory body like SEBI to initiate the collection of unpaid fines or dues from a defaulter.
Collective Investment Scheme (CIS): Any scheme or arrangement where money is pooled from investors for the purpose of investment and sharing of profits.