Description
SEBI cancels Recovery Certificate No. 4155 of 2021 issued against Amul Gagabhai Desai in the matter of Timbor Home Limited.
Summary
SEBI has issued a cancellation order for Recovery Certificate No. 4155 of 2021 that was previously issued against Amul Gagabhai Desai in the matter of Timbor Home Limited. This order formally cancels the recovery proceedings that were initiated under the said certificate.
Key Points
- Recovery Certificate No. 4155 of 2021 has been cancelled
- Order pertains to Amul Gagabhai Desai
- Related to the matter of Timbor Home Limited
- Issued as part of SEBI’s compliance and enforcement proceedings
Regulatory Changes
No new regulatory changes introduced. This is an administrative order cancelling a previously issued recovery certificate.
Compliance Requirements
This order cancels the recovery proceedings, indicating that the matter has been resolved or the recovery certificate is no longer enforceable against Amul Gagabhai Desai.
Important Dates
- Order Date: February 6, 2026
- Original Recovery Certificate: No. 4155 of 2021
Impact Assessment
This is an individual-specific compliance order with minimal market-wide impact. The cancellation of the recovery certificate indicates resolution of the specific enforcement matter against Amul Gagabhai Desai in relation to Timbor Home Limited.
Impact Justification
Administrative cancellation of recovery certificate against a specific individual, limited market-wide impact