General Remittance Order for Recovery Certificate No. 4286 of 2021 against Mr. Sanjay Jethalal Soni, Ms. Krupa Sanjay Soni and M/s. J M Soni Consultancy

Description

SEBI issues General Remittance Order for recovery proceedings 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).

Summary

SEBI has issued a General Remittance Order for Recovery Certificate No. 4286 of 2021 against Mr. Sanjay Jethalal Soni (PAN: BVSPS9741N), Ms. Krupa Sanjay Soni (PAN: BVSPS9740P) and M/s. J M Soni Consultancy (PAN: AAGFJ2939P) in the matter of Oregon Commercial Limited, which is now known as Saianand Commercial Limited. This order is part of SEBI’s enforcement and recovery proceedings to collect outstanding dues from defaulting entities and associated persons.

Key Points

• Recovery Certificate No. 4286 of 2021 issued against three parties
• Defaulters: Mr. Sanjay Jethalal Soni, Ms. Krupa Sanjay Soni, and M/s. J M Soni Consultancy
• Matter relates to Oregon Commercial Limited (now Saianand Commercial Limited)
• General Remittance Order issued for recovery of dues
• Part of SEBI’s enforcement action for compliance violations

Regulatory Changes

No regulatory changes introduced. This is an enforcement action under existing SEBI recovery framework.

Compliance Requirements

The named individuals and entity are required to:

• Comply with the recovery certificate and remittance order
• Pay the outstanding dues as determined by SEBI
• Cooperate with recovery proceedings initiated by SEBI

Important Dates

• Recovery Certificate issued: 2021 (RC No. 4286 of 2021)
• General Remittance Order date: December 31, 2025

Impact Assessment

Market Impact: Medium - This enforcement action is specific to identified defaulters and does not affect broader market operations or trading activities.

Affected Parties: High impact on Mr. Sanjay Jethalal Soni, Ms. Krupa Sanjay Soni, M/s. J M Soni Consultancy, and Saianand Commercial Limited (formerly Oregon Commercial Limited), who face recovery proceedings.

Investor Impact: Low to medium - Investors in Saianand Commercial Limited should be aware of ongoing recovery proceedings against associated persons, which may indicate past compliance issues with the company.

Impact Justification

Recovery order against specific individuals and entity for dues related to Oregon Commercial Limited (now Saianand Commercial Limited). High severity for involved parties but medium market impact as it affects specific defaulters rather than broader market participants.