Description
SEBI issued a Notice of Demand dated March 16, 2026 under Recovery Certificate No. 9067 of 2026 against Paresh Nathalal Chauhan in the matter of Timbor Home Limited for recovery of dues.
Summary
SEBI issued a Notice of Demand dated March 16, 2026 under Recovery Certificate No. 9067 of 2026 against Paresh Nathalal Chauhan in connection with the matter of Timbor Home Limited. The notice demands payment of outstanding dues recoverable under the Securities and Exchange Board of India Act, 1992 and the SEBI (Recovery of Amounts) Rules.
Key Points
- Recovery Certificate No. 9067 of 2026 issued against Paresh Nathalal Chauhan
- Notice of Demand dated March 16, 2026
- Matter relates to Timbor Home Limited
- Issued under SEBI’s recovery proceedings mechanism
- Demands payment of dues within the stipulated period failing which coercive recovery action may follow
Regulatory Changes
No new regulatory changes. This is an enforcement/recovery action under existing SEBI recovery framework.
Compliance Requirements
- The noticee (Paresh Nathalal Chauhan) is required to pay the demanded amount within the timeframe specified in the notice
- Failure to comply may result in attachment of assets, bank accounts, or other coercive recovery measures under SEBI’s recovery rules
Important Dates
- Notice of Demand Date: March 16, 2026
- Recovery Certificate No.: 9067 of 2026
Impact Assessment
This is a targeted enforcement action against a specific individual (Paresh Nathalal Chauhan) related to the Timbor Home Limited matter. The notice has no broad market impact. It is a routine step in SEBI’s recovery proceedings to enforce payment of outstanding dues from parties who have not complied with earlier orders or penalty directions.
Impact Justification
Routine SEBI enforcement/recovery action against an individual in the matter of Timbor Home Limited; narrow in scope with no broad market or regulatory policy implications.