Description
SEBI issues notice of attachment of bank account for recovery certificate against Mr. Sanjay Jethalal Soni, Ms. Krupa Sanjay Soni and M/s. J M Soni Consultancy in the matter of Oregon Commercial Limited.
Summary
SEBI has issued a Notice of Attachment of Bank Account pursuant to Recovery Certificate No. 4286 of 2021. The notice is directed against Mr. Sanjay Jethalal Soni, Ms. Krupa Sanjay Soni and M/s. J M Soni Consultancy in the matter of Oregon Commercial Limited (now known as Saianand Commercial Limited). This is part of SEBI’s enforcement and recovery proceedings.
Key Points
- Recovery Certificate No. 4286 of 2021 is being enforced
- Notice of attachment issued against bank accounts of the named parties
- Parties involved: Mr. Sanjay Jethalal Soni, Ms. Krupa Sanjay Soni, and M/s. J M Soni Consultancy
- Related to Oregon Commercial Limited (now Saianand Commercial Limited)
- This is a compliance order under SEBI’s recovery proceedings
Regulatory Changes
No new regulatory changes. This is an enforcement action under existing SEBI recovery framework.
Compliance Requirements
- The named parties must comply with the bank account attachment notice
- Banks holding accounts of the named parties must freeze/attach the specified accounts
- Non-compliance may attract further enforcement action
Important Dates
- Order Date: December 24, 2025
- Recovery Certificate: No. 4286 of 2021
Impact Assessment
Impact on Parties: High - Bank accounts of Mr. Sanjay Jethalal Soni, Ms. Krupa Sanjay Soni and M/s. J M Soni Consultancy will be attached, restricting their access to funds.
Market Impact: Low to Medium - Limited direct market impact, though signals SEBI’s active enforcement of recovery proceedings related to Oregon Commercial Limited/Saianand Commercial Limited.
Compliance Impact: Demonstrates SEBI’s continued efforts in recovery proceedings and enforcement actions against defaulting parties.
Impact Justification
Enforcement action involving bank account attachment for recovery proceedings. Significant for parties involved but limited broader market impact.