Description
SEBI issues cancellation order for recovery certificate against Paresh Nathalal Chauhan in connection with Timbor Home Limited matter.
Summary
SEBI has issued a cancellation order for Recovery Certificate No. 7917 of 2024 against Paresh Nathalal Chauhan in connection with matters related to Timbor Home Limited. This order cancels the previously issued recovery certificate as part of SEBI’s compliance and enforcement proceedings.
Key Points
- Recovery Certificate No. 7917 of 2024 has been cancelled
- Order pertains to Paresh Nathalal Chauhan
- Connected to matters involving Timbor Home Limited
- Part of SEBI’s enforcement and compliance framework
Regulatory Changes
No new regulatory changes introduced. This is an administrative order cancelling a previously issued recovery certificate.
Compliance Requirements
- The cancellation order is effective immediately
- All parties concerned are required to take note of the cancellation
- No further recovery action under the cancelled certificate
Important Dates
- Order Date: July 28, 2025
- Effective Date: Immediate upon issuance
Impact Assessment
This is an administrative order with limited market impact. The cancellation of the recovery certificate affects only the specific individual mentioned and does not have broader implications for market participants or trading activities. The order represents the conclusion of enforcement proceedings against the individual in the specified matter.
Impact Justification
Administrative cancellation order for specific individual, limited market impact