The recovery rate of the money collected by the Securities and Exchange Board of India (Sebi) as a share of the amounts for which it sent out recovery notices has been less than 2 per cent.
The remaining recovery of 98.3 per cent has not been realised in practice. These notices cover collective investment schemes (CIS), deemed public issues (DPI), and other matters.
In FY24, Sebi recovered Rs 133 crore.
The number of recovery notices or notices of demand drawn by Sebi has gone up. As of March 31, 2024, a total of 6,781 recovery certificates have been issued.
Of the total recoverable amount of Rs 1.02 trillion, Rs 63,206 crore, constituting 61.5 per cent of this total, is related to CIS/DPI matters involving PACL Ltd and Sahara India Commercial Corporation Ltd.
First Published: Aug 30 2024 | 5:35 PM IST
