Description
SEBI issues release order for Recovery Certificate No. 4496 of 2022 against Pruthvi Prafulbhai Shah (PAN: DCAPS6011N) in connection with SMS Techsoft (India) Ltd.
Summary
SEBI has issued a Release Order for Recovery Certificate No. 4496 of 2022 against Pruthvi Prafulbhai Shah (PAN: DCAPS6011N) in the matter of SMS Techsoft (India) Ltd. This order signifies the completion of recovery proceedings or compliance with payment obligations under the recovery certificate.
Key Points
- Release order issued for Recovery Certificate No. 4496 of 2022
- Noticee: Pruthvi Prafulbhai Shah (PAN: DCAPS6011N)
- Related entity: SMS Techsoft (India) Ltd.
- Order indicates compliance or completion of recovery proceedings
- Order date: November 21, 2025
Regulatory Changes
No new regulatory changes introduced. This is an enforcement/compliance order.
Compliance Requirements
The release order suggests that the noticee has fulfilled the obligations under the recovery certificate, and no further compliance actions are required from Pruthvi Prafulbhai Shah under RC No. 4496 of 2022.
Important Dates
- Order Date: November 21, 2025
- Recovery Certificate No.: 4496 of 2022
Impact Assessment
This is a case-specific compliance order with limited market impact. The release order indicates that recovery proceedings against the individual have been completed or payment obligations satisfied. No broader market implications or regulatory changes for other market participants.
Impact Justification
Release order indicates compliance completion for individual noticee in recovery proceedings; limited market-wide impact