SEBI warns public against fake SEBI notices on letter head, logo and seal of SEBI

SEBI warns public against fake SEBI notices on letter head, logo and seal of SEBI

It has come to the notice of Securities and Exchange Board of India (SEBI) that certain individuals have received communication wherein sender falsely claims to be an official of SEBI using letter head, logo and seal of SEBI.

In certain instances, sender issued notices through Social Media Platforms asking for payment of fine to prevent SEBI from taking action against the recipient, sender forged Sale Certificate to show that he was a buyer of PACL property, sender issued fake Certificate of use of third party vendor account.

The public has been advised to exercise caution and to verify the authenticity of any communication that they might deem to have received from SEBI. Communication from SEBI can be verified from the website of SEBI (www.sebi.gov.in) as follows:

i. Every Order passed by SEBI bears a unique reference number and is available on the SEBI website under the path Home>Enforcement>Orders.

ii. Every Recovery Certificate issued by SEBI is available on the SEBI website under the path Home>Enforcement>Recovery Proceedings.

iii. Every official communication such as letter, notice, Show-cause Notice, Summons etc. issued by SEBI bears a unique document identification number (UDIN). The said UDIN may be verified from the SEBI website under the path Home>Authenticate Document Number Issued by SEBI. A detailed Guidance Note on SEBI-Document Number Verification System is available under this link.

iv. Names, email IDs and contact numbers of SEBI officials are available on the SEBI website under the path Home>About>SEBIDirectory.

v. Official electronic communication from SEBI is issued through the official e-mail IDs of SEBI officials. These email ID send with domain address @sebi.gov.in.

Public/investors are cautioned to verify communication purported to have been issued by SEBI in the above manner from the SEBI website. Investors are advised to be vigilant while dealing with communication/senders demanding information or payment on behalf of SEBI.

• AO is under an obligation to assign reasons for rejecting explanation of the assessee
• CBIC issues SoP for clearance of imported goods through Foreign Post Offices
• Sale deed executed with full knowledge of only part consideration paid, not void – SC
• No fault in serving notice to last known address when PAN data was not updated – ITAT
• Investment by firm through capital introduced by partners cannot be treated as unexplained