Description
SEBI announces completion of recovery proceedings under Certificate No. RC8046 of 2025 against Jyoti Patawari (PAN: BEJPP7178E) in the matter of Illiquid Stock Options.
Summary
SEBI has announced the completion of Recovery Certificate No. RC8046 of 2025 in respect of Jyoti Patawari (PAN: BEJPP7178E) in the matter of Illiquid Stock Options. This represents the conclusion of enforcement proceedings initiated by the regulator.
Key Points
- Recovery Certificate No. RC8046 of 2025 has been completed
- Individual involved: Jyoti Patawari (PAN: BEJPP7178E)
- Matter relates to Illiquid Stock Options
- Administrative completion of recovery proceedings
Regulatory Changes
No new regulatory changes introduced. This is a completion notice for existing recovery proceedings.
Compliance Requirements
No new compliance requirements for market participants. This is a closure notification for completed enforcement action.
Important Dates
- Circular Date: August 1, 2025
- Recovery Certificate Completion: As per RC8046 of 2025
Impact Assessment
Limited market impact as this represents the administrative completion of individual enforcement proceedings. The closure of recovery certificate indicates conclusion of debt recovery process against the named individual in relation to illiquid stock options matter.
Impact Justification
Administrative completion of recovery proceedings with limited market impact