Description
SEBI issues completion order for Recovery Certificate No. 4512 of 2022 against Minaben Prafulbhai Shah (PAN: COYPS9153J) in the matter of SMS Techsoft (India) Ltd., confirming completion of recovery proceedings.
Summary
SEBI has issued a Completion Order for Recovery Certificate No. 4512 of 2022 against Minaben Prafulbhai Shah (PAN: COYPS9153J) in the matter of SMS Techsoft (India) Ltd. This order confirms the completion of recovery proceedings that were initiated against the individual.
Key Points
- Recovery Certificate No. 4512 of 2022 proceedings have been completed
- Individual concerned: Minaben Prafulbhai Shah (PAN: COYPS9153J)
- Related entity: SMS Techsoft (India) Ltd.
- Order type: Completion Order indicating closure of recovery proceedings
- Order date: November 21, 2025
Regulatory Changes
No new regulatory changes introduced. This is an enforcement completion order.
Compliance Requirements
This completion order indicates that the recovery proceedings have been concluded. No further compliance actions are required from the concerned individual in relation to Recovery Certificate No. 4512 of 2022.
Important Dates
- Order Date: November 21, 2025
- Recovery Certificate: RC No. 4512 of 2022
Impact Assessment
Market Impact: Low - This is a completion order that closes existing recovery proceedings rather than initiating new enforcement action.
Operational Impact: Low - Affects only the specific individual (Minaben Prafulbhai Shah) in relation to SMS Techsoft (India) Ltd. The completion order suggests the recovery process has been satisfied or concluded.
Entity Impact: Limited to the individual named in the recovery certificate. No broader market or sectoral implications.
Impact Justification
Completion order indicates recovery proceedings have concluded against an individual related to SMS Techsoft (India) Ltd. Limited market impact as this closes an existing enforcement matter.