Description
SEBI order releasing recovery certificate against Arpita Ilesh Patel in connection with trading violations involving Econo Trade (India) Ltd.
Summary
SEBI has issued a release order for Recovery Certificate No. 8223 of 2024 against Arpita Ilesh Patel in connection with trading violations involving the scrip of Econo Trade (India) Ltd. This compliance order releases the recovery certificate, indicating completion of recovery proceedings or other resolution.
Key Points
- Recovery Certificate No. 8223 of 2024 has been released
- Order pertains to Arpita Ilesh Patel
- Connected to trading activities in Econo Trade (India) Ltd. scrip
- Release order indicates closure or resolution of recovery proceedings
- Part of SEBI’s enforcement and compliance activities
Regulatory Changes
No new regulatory changes introduced. This is an enforcement action completion notice.
Compliance Requirements
- Completion of recovery proceedings against the specified individual
- Resolution of trading violation matter
- Closure of enforcement action
Important Dates
- Order Date: August 1, 2025
- Recovery Certificate No: 8223 of 2024
Impact Assessment
Limited impact as this pertains to a specific individual entity and represents the completion of enforcement proceedings. No broader market implications or new compliance requirements for other market participants.
Impact Justification
Recovery certificate release order for specific individual entity with limited market-wide impact