Description
SEBI issues release order for Recovery Certificate No. 6817 of 2023 against Shantiben Gangaram Desai in the matter of Parichay Investments Limited.
Summary
SEBI has issued a release order for Recovery Certificate No. 6817 of 2023 against Shantiben Gangaram Desai in the matter of Parichay Investments Limited. This order signifies the conclusion of recovery proceedings initiated against the individual.
Key Points
- Recovery Certificate No. 6817 of 2023 has been released
- Order pertains to Shantiben Gangaram Desai
- Related to the matter of Parichay Investments Limited
- Release order indicates satisfaction of recovery conditions or resolution of proceedings
Regulatory Changes
No new regulatory changes introduced. This is an enforcement compliance matter.
Compliance Requirements
No new compliance requirements for market participants. This is a specific enforcement resolution.
Important Dates
- Order Date: February 9, 2026
Impact Assessment
This release order has minimal market impact as it relates to the resolution of specific recovery proceedings against an individual in connection with Parichay Investments Limited. The order indicates that the recovery matter has been concluded, either through payment, settlement, or other resolution mechanism.
Impact Justification
Release order indicates closure of recovery proceedings against specific individual. Limited market-wide impact as it pertains to individual enforcement matter resolution.