Description
SEBI announces completion of recovery proceedings against Mr. Nirmal Jain related to Mega Corporation Limited violations.
Summary
SEBI has completed recovery proceedings under Certificate No. 4558 of 2022 dated 16.03.2022 issued against Mr. Nirmal Jain in connection with violations related to Mega Corporation Limited.
Key Points
- Recovery Certificate No. 4558 of 2022 has been completed
- Original certificate dated 16.03.2022
- Proceedings against Mr. Nirmal Jain
- Related to Mega Corporation Limited matter
- Administrative closure of enforcement action
Regulatory Changes
No new regulatory changes introduced - this is completion of existing enforcement proceedings.
Compliance Requirements
No new compliance requirements - completion notice for concluded proceedings.
Important Dates
- Original Recovery Certificate Date: 16.03.2022
- Completion Date: 29.08.2025
Impact Assessment
Minimal market impact as this represents administrative completion of individual enforcement proceedings. No broader regulatory or market operational changes involved.
Impact Justification
Administrative completion of individual recovery case with limited market impact