Description
SEBI issues completion certificate for Recovery Certificate No. 7720 of 2024 against N R Doshi in connection with Safal Herbs Limited (formerly Parikh Herbals Limited), indicating full compliance with recovery proceedings.
Summary
SEBI has issued a Completion Certificate for Recovery Certificate No. 7720 of 2024 against N R Doshi in the matter of Safal Herbs Limited (formerly known as Parikh Herbals Limited). This certificate confirms that the recovery proceedings have been successfully completed and the concerned party has complied with the recovery requirements.
Key Points
- Recovery Certificate No. 7720 of 2024 has been completed
- Proceedings were against N R Doshi
- Related to Safal Herbs Limited (formerly Parikh Herbals Limited)
- Completion certificate indicates full compliance with recovery order
- Marks closure of enforcement proceedings in this matter
Regulatory Changes
No new regulatory changes introduced. This is a completion certificate for existing recovery proceedings.
Compliance Requirements
No ongoing compliance requirements. The completion certificate indicates that all required compliance actions have been fulfilled by the concerned party.
Important Dates
- Certificate Issue Date: December 24, 2025
- Recovery Certificate No.: 7720 of 2024
Impact Assessment
This completion certificate has minimal market impact as it represents the conclusion of recovery proceedings. It indicates that the enforcement action against N R Doshi has been successfully resolved with full compliance. The certificate provides closure to the matter involving Safal Herbs Limited (formerly Parikh Herbals Limited) and does not impose any new obligations or restrictions on market participants.
Impact Justification
Completion certificate indicates concluded recovery proceedings with compliance achieved, limited ongoing market impact