Description
SEBI announces completion of recovery proceedings against defaulter Nirmal Jain in the matter of JMD Telefilms Industries Ltd.
Summary
SEBI has completed the recovery certificate proceedings No. 7737 of 2024 dated March 20, 2024, issued against Nirmal Jain (PAN: AAGPJ6738G) as a defaulter in the matter of JMD Telefilms Industries Ltd.
Key Points
- Recovery Certificate No. 7737 of 2024 dated March 20, 2024 has been completed
- Defaulter: Nirmal Jain (PAN: AAGPJ6738G)
- Related entity: JMD Telefilms Industries Ltd.
- Enforcement action has reached completion stage
Regulatory Changes
No new regulatory changes introduced. This is a completion notification of existing recovery proceedings.
Compliance Requirements
No new compliance requirements. This represents the closure of recovery proceedings against the specified defaulter.
Important Dates
- Recovery Certificate Date: March 20, 2024
- Completion Date: August 8, 2025
Impact Assessment
Low market impact as this represents the completion of enforcement action against an individual defaulter. The completion indicates that recovery proceedings have been concluded in the matter of JMD Telefilms Industries Ltd.
Impact Justification
Completion of recovery proceedings indicates closure of enforcement action but has limited broader market impact