Description

SEBI notifies completion of Recovery Certificate No. 6710 of 2023 issued against S Ravi Chandran (PAN: ATCPR1127L) in the matter of Securekloud Technologies Limited, indicating the recovery proceedings have been concluded.

Summary

SEBI has issued a notice regarding the completion of Recovery Certificate No. 6710 of 2023, which was issued against S Ravi Chandran (PAN: ATCPR1127L) in the matter of Securekloud Technologies Limited. This order signifies that the recovery proceedings initiated under the recovery certificate have been concluded.

Key Points

  • Recovery Certificate No. 6710 of 2023 has been marked as completed
  • The recovery was initiated against S Ravi Chandran (PAN: ATCPR1127L)
  • The matter pertains to Securekloud Technologies Limited
  • Completion of a recovery certificate typically indicates the dues/penalties have been recovered by SEBI
  • The notice is published under SEBI’s enforcement and recovery proceedings

Regulatory Changes

No new regulatory changes are introduced by this order. This is an enforcement completion notice concluding an existing recovery action.

Compliance Requirements

No further compliance obligations arise from this completion notice. The recovery proceedings against S Ravi Chandran in the Securekloud Technologies matter have been fully discharged.

Important Dates

  • Recovery Certificate No. 6710 originally issued: 2023
  • Completion order date: March 17, 2026

Impact Assessment

This order has minimal market impact as it represents the conclusion of an enforcement action rather than the initiation of new proceedings. Securekloud Technologies Limited investors and market participants should note that this regulatory matter involving a key individual (S Ravi Chandran) has been resolved. The completion of the recovery certificate closes this chapter of SEBI’s enforcement action in this matter.

Impact Justification

This is an administrative completion notice for a recovery certificate, indicating dues have been recovered. It has limited forward-looking market impact as the matter is concluded.