Description
SEBI issues completion order for Recovery Certificate No. 2315 of 2019 in the case against J M Soni in the matter of Ushdev International Limited.
Summary
SEBI has issued a completion order for Recovery Certificate No. 2315 of 2019 in the matter against J M Soni related to Ushdev International Limited. This order signifies the conclusion of recovery proceedings initiated under the recovery certificate.
Key Points
- Recovery Certificate No. 2315 of 2019 has been completed
- Proceedings were against J M Soni
- Matter relates to Ushdev International Limited
- Completion order issued on December 24, 2025
Regulatory Changes
No new regulatory changes introduced. This is an enforcement action completion notice.
Compliance Requirements
The completion order indicates that the recovery proceedings have been concluded. No further compliance actions are required from market participants unless directly involved in the matter.
Important Dates
- Order Date: December 24, 2025
- Recovery Certificate: No. 2315 of 2019
Impact Assessment
This completion order has minimal impact on the broader market. It represents the closure of specific recovery proceedings against an individual (J M Soni) in a matter involving Ushdev International Limited. The order is primarily of administrative significance, indicating that SEBI has successfully completed its recovery actions in this particular case.
Impact Justification
Completion order for recovery certificate indicates successful completion of recovery proceedings against a specific individual in a past matter, with limited broader market impact