Description
SEBI release order for recovery certificate proceedings against Siva Balan Jaipal related to Kalpa Commercial Limited compliance matters.
Summary
SEBI has issued a release order for Recovery Certificate No. 4795 of 2022 against Siva Balan Jaipal in connection with matters related to Kalpa Commercial Limited. This order represents the completion or resolution of recovery proceedings that were initiated under SEBI’s enforcement framework.
Key Points
- Recovery Certificate No. 4795 of 2022 released
- Order against Siva Balan Jaipal
- Related to Kalpa Commercial Limited
- Represents conclusion of enforcement proceedings
- Part of SEBI’s compliance and recovery mechanism
Regulatory Changes
No specific regulatory framework changes indicated. This appears to be an operational order within existing SEBI enforcement procedures.
Compliance Requirements
- Parties involved must comply with the terms of the release order
- Any outstanding obligations as specified in the original recovery certificate may be considered resolved
- Continued adherence to securities regulations required
Important Dates
- Order Date: September 9, 2025
- Original Recovery Certificate: 2022 (RC No. 4795)
Impact Assessment
The release order indicates resolution of enforcement proceedings against the named individual in relation to Kalpa Commercial Limited. This suggests completion of recovery actions and compliance with SEBI requirements, potentially clearing regulatory issues for the parties involved.
Impact Justification
Recovery certificate release order indicates resolution of enforcement proceedings with compliance implications