Description

SEBI issues completion order for Recovery Certificate No. 5549 of 2022 against Akash Jagadish Vital in the matter of SMS Techsoft (India) Limited, marking the conclusion of recovery proceedings.

Summary

SEBI has issued a Completion Order for Recovery Certificate No. 5549 of 2022 against Akash Jagadish Vital in the matter of SMS Techsoft (India) Limited. This order marks the conclusion of recovery proceedings initiated against the noticee, indicating that the required amounts have been recovered or the proceedings have been completed as per regulatory requirements.

Key Points

  • Completion Order issued for Recovery Certificate No. 5549 of 2022
  • Noticee: Akash Jagadish Vital
  • Related matter: SMS Techsoft (India) Limited
  • Order issued on December 24, 2025
  • Indicates conclusion of recovery enforcement proceedings

Regulatory Changes

No new regulatory changes introduced. This is an enforcement action completion order under existing SEBI recovery procedures.

Compliance Requirements

No ongoing compliance requirements as this is a completion order indicating the conclusion of proceedings. The noticee has either fulfilled the recovery obligations or the matter has been concluded as per applicable regulations.

Important Dates

  • Order Date: December 24, 2025
  • Recovery Certificate: No. 5549 of 2022

Impact Assessment

Market Impact: Minimal to none. This is an individual enforcement action completion order with no broader market implications.

Operational Impact: Limited to the specific noticee. Completion orders indicate that recovery proceedings have been concluded, either through full recovery or as per regulatory closure procedures.

Investor Impact: No direct impact on investors. This pertains to enforcement action against a specific individual in relation to SMS Techsoft (India) Limited matter.

Impact Justification

Completion order indicates conclusion of recovery proceedings against an individual in a specific matter. Limited market-wide impact as it pertains to enforcement action completion rather than new regulatory requirements.