Description
SEBI releases recovery certificate against Manisha Rajendra Modi following compliance in Dhyana Finstock Ltd trading investigation matter.
Summary
SEBI has issued a release order for Recovery Certificate No. 7354 of 2023 against Manisha Rajendra Modi. This order indicates successful compliance with requirements related to the investigation into trading activities of certain entities in the scrip of Dhyana Finstock Ltd. The release signifies completion of recovery proceedings and enforcement action conclusion.
Key Points
- Recovery Certificate No. 7354 of 2023 released following compliance
- Certificate was issued against individual Manisha Rajendra Modi
- Related to investigation into trading activities in Dhyana Finstock Ltd. scrip
- Release order confirms successful completion of compliance requirements
- Enforcement action concluded with recovery/compliance achieved
Regulatory Changes
No new regulatory changes introduced. This represents completion of existing enforcement proceedings.
Compliance Requirements
- Full compliance with recovery certificate requirements has been achieved
- All dues/penalties related to the investigation have been settled
- No further compliance actions required for this specific matter
Important Dates
- Recovery Certificate issued: 2023
- Release Order date: August 1, 2025
- Compliance completion: Prior to release date
Impact Assessment
Direct impact on Manisha Rajendra Modi with recovery proceedings concluded. Reinforces SEBI’s enforcement capabilities and demonstrates complete enforcement cycle from investigation to compliance. Emphasizes importance of regulatory adherence and timely compliance with enforcement actions for all market participants.
Impact Justification
Recovery certificate release indicates completed enforcement action with compliance achieved