Description
SEBI issued a Notice of Demand dated March 16, 2026 under Recovery Certificate No. 9066 of 2026 against Paresh Nathalal Chauhan for recovery of dues in the matter of Timbor Home Limited.
Summary
SEBI issued a Notice of Demand dated March 16, 2026 under Recovery Certificate No. 9066 of 2026 against Paresh Nathalal Chauhan in the matter of Timbor Home Limited. This notice demands payment of outstanding dues as determined by SEBI’s enforcement proceedings.
Key Points
- Recovery Certificate No. 9066 of 2026 issued against Paresh Nathalal Chauhan
- Notice of Demand dated March 16, 2026
- Related to the matter of Timbor Home Limited
- Issued by SEBI’s Recovery Officer under the SEBI Act
- Demands payment of dues arising from prior SEBI order/adjudication
Regulatory Changes
No new regulatory changes. This is an enforcement/recovery action pursuant to existing SEBI orders and the SEBI (Recovery of Amounts) Rules.
Compliance Requirements
- Paresh Nathalal Chauhan is required to pay the demanded amount as specified in the Recovery Certificate
- Non-payment may result in further recovery proceedings including attachment of assets
- The noticee must respond within the stipulated timeframe mentioned in the notice
Important Dates
- Notice of Demand Date: March 16, 2026
- Recovery Certificate No.: 9066 of 2026
Impact Assessment
This notice has limited broader market impact as it is directed at a specific individual (Paresh Nathalal Chauhan) in connection with Timbor Home Limited. The action is part of SEBI’s routine enforcement and dues-recovery mechanism to ensure compliance with its orders. Investors and market participants in general are not directly affected.
Impact Justification
This is an individual enforcement/recovery action against a specific person related to Timbor Home Limited. It has no broader market or regulatory policy impact.