Description
SEBI cancellation order for recovery certificate against Paresh Nathalal Chauhan related to compliance matters in Timbor Home Limited case.
Summary
SEBI has issued a cancellation order for Recovery Certificate No. 4242 of 2021 against Paresh Nathalal Chauhan in connection with matters related to Timbor Home Limited. This order indicates the resolution or closure of the recovery proceedings that were initiated in 2021.
Key Points
- Recovery Certificate No. 4242 of 2021 has been cancelled
- Order pertains to Paresh Nathalal Chauhan
- Related to compliance matters involving Timbor Home Limited
- Represents closure of recovery proceedings initiated in 2021
Regulatory Changes
No new regulatory changes introduced. This is an administrative order cancelling existing recovery proceedings.
Compliance Requirements
No new compliance requirements specified as this is a cancellation order resolving existing proceedings.
Important Dates
- Original Recovery Certificate: 2021
- Cancellation Order Date: July 28, 2025
Impact Assessment
The cancellation of the recovery certificate suggests resolution of the compliance matter against the individual. This has minimal direct market impact but indicates closure of regulatory proceedings related to Timbor Home Limited.
Impact Justification
Recovery certificate cancellation indicates resolution of compliance matter but has limited market impact