Description
SEBI issues a General Remittance Order dated May 18, 2026 under Recovery Certificate No. 9066 of 2026 directing remittance of dues from Paresh Nathalal Chauhan in connection with the matter of Timbor Home Limited.
Summary
SEBI has issued a General Remittance Order dated May 18, 2026 under Recovery Certificate (RC) No. 9066 of 2026 against Paresh Nathalal Chauhan in the matter of Timbor Home Limited. This order directs the recovery of dues as determined by SEBI through appropriate remittance mechanisms.
Key Points
- Recovery Certificate No. 9066 of 2026 issued against Paresh Nathalal Chauhan
- Order issued in the matter of Timbor Home Limited
- Dated May 18, 2026
- General Remittance Order mechanism used to enforce outstanding dues payable to SEBI
- Part of SEBI’s enforcement and recovery proceedings
Regulatory Changes
No new regulatory changes introduced. This is an enforcement action pursuant to existing SEBI recovery and remittance provisions under the SEBI Act and applicable recovery rules.
Compliance Requirements
- Paresh Nathalal Chauhan is required to comply with the remittance directions specified in Recovery Certificate No. 9066 of 2026
- Any bank, financial institution, or entity holding funds of the named individual may be directed to remit amounts as specified in the order
- Non-compliance may attract further enforcement action under SEBI regulations
Important Dates
- Order Date: May 18, 2026
- Recovery Certificate No.: 9066 of 2026
- Compliance timelines as specified in the underlying RC and this remittance order
Impact Assessment
This order has limited broader market impact, as it is directed at a specific named individual (Paresh Nathalal Chauhan) in connection with the matter of Timbor Home Limited. It reflects SEBI’s ongoing enforcement of outstanding monetary penalties or dues. Investors and market participants in Timbor Home Limited should note this as part of continued regulatory oversight of the company’s affairs. No systemic or sector-wide implications are anticipated.
Impact Justification
Enforcement/recovery action against a specific individual in connection with Timbor Home Limited. High severity from a regulatory enforcement perspective but low broader market impact as it targets a named individual rather than systemic or market-wide obligations.