Description
SEBI order marking completion of recovery proceedings under Recovery Certificate No. 5548 of 2022 against Mr. Kirtikumar Rasiklal Shah in the matter of SMS Techsoft (India) Ltd.
Summary
SEBI has issued a Completion Order for Recovery Certificate No. 5548 of 2022 issued against Mr. Kirtikumar Rasiklal Shah in the matter of SMS Techsoft (India) Ltd. This order marks the conclusion of recovery proceedings initiated under the recovery certificate.
Key Points
- Recovery Certificate No. 5548 of 2022 proceedings completed
- Order pertains to Mr. Kirtikumar Rasiklal Shah
- Matter related to SMS Techsoft (India) Ltd.
- Completion order signifies conclusion of enforcement action
Regulatory Changes
No regulatory changes introduced. This is an enforcement action completion notice.
Compliance Requirements
No ongoing compliance requirements as this represents the completion of recovery proceedings. The recovery certificate enforcement has been concluded.
Important Dates
- Order Date: November 28, 2025
- Recovery Certificate Number: 5548 of 2022
Impact Assessment
Market Impact: Low - This is a completion order for recovery proceedings against a specific individual in relation to SMS Techsoft (India) Ltd. The completion of recovery proceedings indicates closure of enforcement action.
Operational Impact: Low - No operational changes required. This represents the conclusion of specific enforcement proceedings against the named individual.
Compliance Impact: Low - No new compliance obligations. The order confirms completion of the recovery process under the specified recovery certificate.
Impact Justification
Completion order indicating closure of recovery proceedings against a specific individual; limited market-wide impact