Description
SEBI has issued a completion order for Recovery Certificate No. 2319 of 2019 in the matter of Ushdev International Limited against defaulter Amul Gagabhai Desai.
Summary
SEBI has issued a Completion Order for Recovery Certificate No. 2319 of 2019 against Amul Gagabhai Desai in the matter of Ushdev International Limited. This order signifies that the recovery proceedings initiated under the certificate have been completed.
Key Points
- Recovery Certificate No. 2319 of 2019 has been marked as completed
- Defaulter: Amul Gagabhai Desai
- Related matter: Ushdev International Limited
- Order type: Completion Order indicating successful conclusion of recovery proceedings
Regulatory Changes
No regulatory changes. This is an enforcement action completion notification.
Compliance Requirements
No new compliance requirements. This order marks the completion of existing recovery proceedings.
Important Dates
- Order Date: February 6, 2026
- Recovery Certificate Date: 2019 (RC No. 2319 of 2019)
Impact Assessment
This completion order has minimal market impact as it pertains to the conclusion of recovery proceedings against a specific defaulter in relation to Ushdev International Limited. The order confirms that SEBI’s recovery efforts for the outstanding dues have been completed, demonstrating regulatory closure on this enforcement matter.
Impact Justification
Completion order indicates successful recovery of dues from a defaulter in a specific case, limited market-wide impact