Description
SEBI issues release order for Recovery Certificate No. 5549 of 2022 against Akash Jagadish Vital in the matter of SMS Techsoft (India) Limited.
Summary
SEBI has issued a Release Order for Recovery Certificate No. 5549 of 2022 against Akash Jagadish Vital in the matter of SMS Techsoft (India) Limited. This order indicates the release or completion of recovery proceedings that were initiated against the individual.
Key Points
- Recovery Certificate No. 5549 of 2022 addressed
- Subject: Akash Jagadish Vital
- Related entity: SMS Techsoft (India) Limited
- Order type: Release Order
- Document created: December 24, 2024
Regulatory Changes
No new regulatory changes introduced. This is an administrative order related to ongoing recovery proceedings.
Compliance Requirements
- The release order indicates completion or resolution of the recovery certificate matter
- No additional compliance actions required from market participants
- Specific obligations (if any) would apply only to Akash Jagadish Vital
Important Dates
- Order Date: December 24, 2024
- Recovery Certificate No: 5549 of 2022
Impact Assessment
This is a specific enforcement action with minimal market-wide impact. The release order affects only the named individual (Akash Jagadish Vital) and the company SMS Techsoft (India) Limited. Market participants not involved in this matter are not affected. The order represents administrative closure or compliance completion in recovery proceedings.
Impact Justification
Release order indicating compliance with recovery certificate proceedings. Limited market-wide impact as it pertains to specific individual and company recovery matter.