Description
SEBI issues remittance order for recovery certificate against Keyur Vinodchandra Parmar in the matter of Manaksia Coated Metals and Industries Limited.
Summary
SEBI has issued a remittance order for Recovery Certificate No. 8562 of 2025 dated July 28, 2025, against Keyur Vinodchandra Parmar in the matter of Manaksia Coated Metals and Industries Limited. This order is part of SEBI’s enforcement and recovery proceedings.
Key Points
- Recovery Certificate No. 8562 of 2025 issued against Keyur Vinodchandra Parmar
- Matter relates to Manaksia Coated Metals and Industries Limited
- Document is a remittance order for compliance with recovery proceedings
- Part of SEBI’s enforcement action framework
Regulatory Changes
No specific regulatory changes announced in this order.
Compliance Requirements
- Keyur Vinodchandra Parmar must comply with the recovery certificate requirements
- Payment or compliance with the recovery order as specified in the certificate
- Adherence to SEBI’s enforcement and recovery procedures
Important Dates
- Recovery Certificate Date: July 28, 2025
- Recovery Certificate No.: 8562 of 2025
Impact Assessment
This is an individual enforcement action that may have limited direct market impact but could affect the compliance standing of the associated company. Recovery certificates are part of SEBI’s enforcement mechanism for collecting penalties and dues from market participants who have violated securities regulations.
Impact Justification
Recovery order impacts specific individual but may affect company's compliance standing