SEBI Issues Strict Remittance Advice Against Jahan Enterprises in High-Profile Stock Trading Investigation
Securities and Exchange Board of India (SEBI) has issued a formal Remittance Advice targeting Momin Jahan, proprietor of Jahan Enterprises. This action pertains to ongoing investigations into the trading activities connected with Continental Seeds and Chemicals Limited, highlighting continued regulatory scrutiny over market conduct.The advisory mandates financial institutions and mutual funds in India to remit the specified amount held against the defaulter's accounts forthwith. The directive underscores SEBI’s decisive enforcement powers under the amended SEBI Act, 1992.
SEBI’s Enforcement Action Against Jahan Enterprises
The action stems from Recovery Certificate No. 8870 of 2025, issued in relation to an investigation into specific trading activities involving Continental Seeds and Chemicals Limited. The proceedings targeted Momin Jahan, who operates as the proprietor of Jahan Enterprises (PAN: BNKPJ7050D).SEBI utilized its powers under Section 28A of the SEBI Act, 1992, to issue this recovery directive. This move represents a significant step in the process of recovering dues related to the alleged misconduct in securities trading.
Details of Recovery Certificate and Liability Escalation
The original directive for the attachment of bank accounts was issued on August 25, 2025. At that time, SEBI had determined a total due amount against the entity amounting to Rs 13,21,000/- (Rupees Thirteen Lac Twenty One Thousand Only), along with associated interest and expenses.Subsequently, as of June 10, 2026, the current outstanding dues or liability owed by Jahan Enterprises have increased. The total amount now due for recovery from SEBI stands at Rs 14,41,000/- (Rupees Fourteen Lac Forty One Thousand Only).
Regulatory Mandate and Compliance Directives
The Remittance Advice directly addresses all banks, mutual funds, and post offices across India. These institutions are formally directed to remit the amount of Rs 14,41,000/-, which is the current liability as stated in the advisory.Financial entities must immediately transfer the demanded amount by direct credit through EFT/NEFT/RTGS to SEBI’s designated ICICI Bank account. Failure to confirm e-payment according to the required format means that credits will not be accounted toward the dues.
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