Description
SEBI order for attachment of bank account of Mitesh Kaniyalal Thakkar for recovery certificate proceedings in the matter of SMS Techsoft (India) Limited.
Summary
SEBI has issued a notice of attachment of bank account against Mitesh Kaniyalal Thakkar in connection with Recovery Certificate No. 5640 of 2022 in the matter of SMS Techsoft (India) Limited. This is an enforcement action to recover outstanding amounts as per SEBI directives.
Key Points
- Recovery Certificate No. 5640 of 2022 issued against Mitesh Kaniyalal Thakkar
- Bank account attachment notice issued for compliance and recovery
- Action relates to the matter of SMS Techsoft (India) Limited
- Document created on November 28, 2025
Regulatory Changes
No new regulatory changes. This is an enforcement action under existing SEBI recovery procedures.
Compliance Requirements
- The concerned party must comply with the bank account attachment order
- Outstanding amounts as per the recovery certificate must be settled
- Banks are required to comply with the attachment notice
Important Dates
- Order Date: November 28, 2025
- Recovery Certificate No.: 5640 of 2022
Impact Assessment
High Impact: This enforcement action demonstrates SEBI’s continued efforts to recover dues from defaulting parties. The attachment of bank accounts is a serious enforcement measure that can significantly impact the financial operations of the concerned individual. This action serves as a deterrent for non-compliance with SEBI orders and recovery certificates.
Impact Justification
Enforcement action involving bank account attachment for recovery proceedings indicates serious regulatory non-compliance