Description
SEBI compliance completion order for Recovery Certificate No. 4518 of 2022 issued against Kaliyaben Himanshu Shah (PAN: BFQPS1462A) in relation to SMS Techsoft (India) Limited.
Summary
SEBI has issued a compliance completion order for Recovery Certificate No. 4518 of 2022 against Kaliyaben Himanshu Shah (PAN: BFQPS1462A) in the matter of SMS Techsoft (India) Limited. This order marks the completion of recovery proceedings initiated against the individual.
Key Points
- Recovery Certificate No. 4518 of 2022 has been completed
- Order issued against Kaliyaben Himanshu Shah (PAN: BFQPS1462A)
- Related to SMS Techsoft (India) Limited matter
- Represents conclusion of enforcement and recovery proceedings
- Order date: November 19, 2025
Regulatory Changes
No new regulatory changes. This is an enforcement completion order.
Compliance Requirements
This order represents the completion of compliance requirements and recovery proceedings against the specified individual. No new compliance obligations are introduced for other market participants.
Important Dates
- Order Date: November 19, 2025
- Recovery Certificate: No. 4518 of 2022
Impact Assessment
This completion order has minimal market-wide impact as it pertains to concluded enforcement action against a specific individual in relation to SMS Techsoft (India) Limited. The order indicates that the recovery proceedings have been completed, suggesting resolution of the outstanding dues or compliance matters. Other market participants are not directly affected unless they were involved in the underlying matter.
Impact Justification
Completion order for recovery certificate indicates concluded enforcement action against specific individual. High severity for the defaulter but low market-wide impact as it relates to past violations and recovery proceedings.