Description
SEBI issues Certificate of Completion for Recovery Certificate No. 9000 of 2026 against Anukaran Commercial Enterprise Limited and 13 other defaulters in enforcement proceedings.
Summary
SEBI has issued a Certificate of Completion dated January 20, 2026 for Recovery Certificate No. 9000 of 2026. This certificate pertains to enforcement proceedings against Anukaran Commercial Enterprise Limited (PAN: AABCA2578D) and 13 other individuals and entities, including Kushal Shah, Jiten Vora, Varsha Vora, Kankuben Vora, Paresh Vora, Vaibhav Enterprise, Rajdeep Enterprise, Manoj Shah, Faiyaz Rangwala, Arpita Vora, Jiten Vora HUF, Paresh Vora HUF, and Paras Mehta. The certificate signifies the completion of recovery proceedings against these defaulters.
Key Points
- Recovery Certificate No. 9000 of 2026 has been completed
- Primary entity: Anukaran Commercial Enterprise Limited (PAN: AABCA2578D)
- Total of 14 defaulters held jointly and severally liable
- Includes individuals, proprietary concerns, and HUFs (Hindu Undivided Families)
- Certificate of Completion issued on January 20, 2026
Regulatory Changes
No new regulatory changes introduced. This is an enforcement action completion notice.
Compliance Requirements
The Certificate of Completion indicates that:
- Recovery proceedings have been successfully concluded
- All dues/penalties have been recovered from the defaulters
- The defaulters were held jointly and severally liable for the recovery amount
- This marks the closure of enforcement action in the matter of Anukaran Commercial Enterprise Limited
Important Dates
- Certificate Issue Date: January 20, 2026
- Recovery Certificate Number: RC No. 9000 of 2026
Impact Assessment
Market Impact: High - The completion of recovery proceedings against 14 entities/individuals demonstrates SEBI’s enforcement capabilities and sends a strong deterrent message to market participants. The joint and several liability imposed on multiple connected parties shows the comprehensive approach to enforcement.
Operational Impact: High for the named defaulters - The successful completion indicates full recovery of dues, marking the end of enforcement proceedings. This may restore certain rights or remove restrictions that were in place during the recovery process.
Precedent Value: This case demonstrates SEBI’s ability to pursue and recover dues from multiple connected entities and individuals, including corporate entities, proprietorships, HUFs, and individuals, using the recovery certificate mechanism.
Impact Justification
Certificate of completion indicates successful recovery of dues from defaulters in SEBI enforcement proceedings, representing closure of a significant regulatory action against multiple entities and individuals.