SEBI completes recovery action against Chetan Sandesara
SEBI completed Recovery Certificate RC No.6543 of 2023 against Shri Chetan Sandesara (PAN:ANIPS6175K).
SEBI closed a recovery proceeding against Chetan Sandesara, signalling continued enforcement follow-through on defaulters. Firms with exposure to related entities should verify KYC and residual liability status.
Recovery completions affect counterparty risk assessments and screening databases for Indian securities market participants.
Action Required
Update sanctions and PEP screening lists to reflect completed SEBI recovery proceedings against the named individual.
Enforcement closure relevant to counterparty due diligence and watchlist maintenance.
Refresh screening feeds to reflect SEBI recovery closure; reassess residual exposure to Sandesara-linked entities.
“SEBI: Completion of Recovery Certificate RC No.6543 of 2023 - Shri Chetan Sandesara (PAN:ANIPS6175K).”