Description
SEBI issues certificate of completion for recovery proceedings against Nelesh Devendra Vora related to VKS Project Limited matter.
Summary
SEBI has issued a Certificate of Completion dated 28.08.2025 under Recovery Certificate No. 8448 of 2024 drawn against Nelesh Devendra Vora in the matter of VKS Project Limited. This represents the formal conclusion of recovery proceedings initiated by the regulator.
Key Points
- Certificate of Completion issued on August 28, 2025
- Recovery Certificate number: 8448 of 2024
- Individual involved: Nelesh Devendra Vora
- Company matter: VKS Project Limited
- Formal closure of recovery proceedings
Regulatory Changes
No new regulatory changes introduced. This is an administrative completion of existing recovery proceedings.
Compliance Requirements
No new compliance requirements. This represents the completion of previously initiated recovery actions.
Important Dates
- Certificate issued: August 28, 2025
- Original Recovery Certificate: 2024 (RC No. 8448)
Impact Assessment
Limited market impact as this is an administrative completion of recovery proceedings. The certificate indicates that SEBI’s recovery actions against the named individual in relation to VKS Project Limited have been concluded. This may provide closure to stakeholders involved in the matter but does not introduce new market regulations or requirements.
Impact Justification
Administrative completion of recovery proceedings with limited market impact