SEBI Issues Remittance Order to Kirtibhai Chavda Under Recovery Certificate 9035 of 2026

Part 1 — The Event

SEBI has issued a Remittance Order on May 5, 2026, to Kirtibhai Chavda, proprietor of Shreesons Enterprise (PAN: BWXPC9835P). This action stems from Recovery Certificate No. 9035 of 2026.

Part 2 — Regulatory Context

Remittance Orders are a mechanism SEBI employs to enforce its directives and facilitate the recovery of dues, thereby protecting investor interests and promoting orderly development within the securities market.

Part 3 — Key Details

• Issuing Authority: Securities and Exchange Board of India (SEBI)
• Document Type: Remittance Order
• Recovery Certificate No.: 9035 of 2026
• Recipient: Kirtibhai Chavda (Proprietor, Shreesons Enterprise)
• PAN: BWXPC9835P
• Order Date: May 05, 2026

Glossary

Remittance Order: A directive requiring the transfer of funds, often used by regulatory bodies to enforce payment obligations.

Recovery Certificate: A legal document that authorizes the collection of specified amounts owed by an individual or entity.

NaukriSync Exam Angle

Indian Economy & Polity. Key fact to memorise: SEBI issued a Remittance Order dated May 05, 2026, against Kirtibhai Chavda under Recovery Certificate No. 9035 of 2026. Most likely format: MCQ one-liner on SEBI's financial enforcement actions.