Description
SEBI has removed the debarment imposed on Mr. Dharmendra Rikhavchand Shah (PAN: ACDPS9920N) in the matter of SMS Techsoft India Limited, lifting restrictions on buying, selling or dealing in securities.
Summary
SEBI has communicated the removal of debarment on Mr. Dharmendra Rikhavchand Shah (PAN: ACDPS9920N) who was previously restrained from buying, selling, or dealing in securities in the matter of SMS Techsoft (India) Limited. The original debarment was imposed via SEBI order no. WTM/RKA/44/ISD/2013 dated November 18, 2013.
Key Points
- SEBI has lifted the debarment on Mr. Dharmendra Rikhavchand Shah (PAN: ACDPS9920N)
- Original restriction was imposed on November 18, 2013 under SEBI order WTM/RKA/44/ISD/2013
- The entity is now permitted to buy, sell, or deal in securities
- NSE members must take note and ensure compliance
- Consolidated list of debarred entities is maintained on NSE website
Regulatory Changes
The regulatory restriction previously imposed on Mr. Dharmendra Rikhavchand Shah has been removed. This individual is no longer subject to SEBI’s prohibition on securities trading activities related to the SMS Techsoft (India) Limited matter.
Compliance Requirements
- NSE members must take note of the debarment removal
- Members should update their records regarding entities restricted from trading
- Members should refer to the consolidated list of debarred entities available at: https://www.nseindia.com/regulations/member-sebi-debarred-entities
- For queries, members should contact NSE at dl-invsg-all@nse.co.in
Important Dates
- February 02, 2026: Circular issued announcing debarment removal
- November 18, 2013: Original SEBI debarment order date (reference: NSE/INVG/25028)
Impact Assessment
The impact is limited to the specific individual and SMS Techsoft (India) Limited. This is a positive development for Mr. Dharmendra Rikhavchand Shah as it restores his ability to participate in securities markets. The removal suggests resolution or conclusion of the matter that led to the original restrictions. Market-wide impact is minimal as this affects a single entity previously under investigation.
Impact Justification
Removal of debarment on a single individual entity with minimal market-wide impact; primarily affects the specific person and company involved