Description
Release order issued by SEBI for Recovery Certificate No. 4658 of 2022 against Amul Gagabhai Desai in relation to Timbor Home Limited proceedings.
Summary
SEBI has issued a Release Order for Recovery Certificate No. 4658 of 2022 against Amul Gagabhai Desai in the matter of Timbor Home Limited. This order indicates the completion or resolution of recovery proceedings initiated under SEBI’s enforcement actions.
Key Points
- Recovery Certificate No. 4658 of 2022 against Amul Gagabhai Desai
- Related to Timbor Home Limited matter
- Release order signifies completion of recovery process
- Part of SEBI’s compliance and enforcement framework
Regulatory Changes
No new regulatory changes introduced. This is an order for compliance related to existing recovery proceedings.
Compliance Requirements
This release order concludes the recovery proceedings. No new compliance requirements for market participants.
Important Dates
- Order Date: February 6, 2026
- Recovery Certificate issued: 2022 (RC No. 4658)
Impact Assessment
This order has minimal market impact as it relates to the conclusion of specific recovery proceedings against an individual in relation to Timbor Home Limited. It demonstrates SEBI’s ongoing enforcement and recovery mechanism but does not affect broader market operations or introduce new compliance obligations for other market participants.
Impact Justification
Release order indicating completion or resolution of recovery proceedings against an individual entity. Limited market-wide impact as it pertains to specific enforcement action conclusion.