Description
SEBI announces completion of recovery proceedings against Siva Balan Jaipal in connection with Kalpa Commercial Limited matter under Recovery Certificate No. 4795 of 2022.
Summary
SEBI has completed recovery proceedings under Recovery Certificate No. 4795 of 2022 against Siva Balan Jaipal in connection with the matter of Kalpa Commercial Limited. This represents the conclusion of enforcement action taken by the regulator for recovery of dues.
Key Points
- Recovery proceedings completed against Siva Balan Jaipal
- Case relates to Kalpa Commercial Limited
- Recovery Certificate No. 4795 of 2022 has been concluded
- Enforcement action by SEBI has reached completion
Regulatory Changes
No new regulatory changes introduced. This is a completion notice for existing enforcement proceedings.
Compliance Requirements
No new compliance requirements. This represents the conclusion of recovery proceedings.
Important Dates
- Recovery proceedings completion: September 9, 2025
- Original Recovery Certificate: 2022 (RC No. 4795)
Impact Assessment
Limited market impact as this relates to completion of individual recovery proceedings. Demonstrates SEBI’s continued enforcement of recovery actions against non-compliant entities and individuals. May serve as a deterrent for similar violations.
Impact Justification
Individual recovery proceedings completion - limited market-wide impact but demonstrates regulatory enforcement