Completion of Recovery Certificate No. 8395 of 2024 against Mr. Nemichand Kasturchand Jain

Published: August 12, 2025

Processed: August 12, 2025

SEBI Compliance recovery-certificate enforcement

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Description

SEBI announces completion of recovery proceedings against Mr. Nemichand Kasturchand Jain for trading in illiquid stock options at BSE.

Summary

SEBI has completed recovery proceedings under Recovery Certificate No. 8395 of 2024 dated 29.11.2024 against Mr. Nemichand Kasturchand Jain in connection with trading violations involving illiquid stock options at BSE.

Key Points

Recovery Certificate No. 8395 of 2024 dated November 29, 2024 has been completed
Target: Mr. Nemichand Kasturchand Jain
Violation: Trading in illiquid stock options at BSE
Status: Recovery proceedings completed

Regulatory Changes

No specific regulatory changes announced - this is a completion notice for existing enforcement action.

Compliance Requirements

This notice serves as confirmation that the recovery proceedings have been completed. No additional compliance actions required from market participants.

Important Dates

Recovery Certificate Date: November 29, 2024
Completion Notice Date: August 12, 2025

Impact Assessment

Minimal market impact as this relates to completion of individual enforcement proceedings. Demonstrates SEBI’s continued focus on monitoring trading activities in illiquid instruments and ensuring compliance with market regulations.

Category	Compliance
Circular ID	`04c7f002689e44f5`
Impact	Low
Severity	Medium
Tags	recovery-certificate enforcement illiquid-stock-options bse trading-violations
Source	SEBI
Links	PDF Document ↗ Original Source ↗ Permalink