Description
SEBI cancels recovery certificate RC8459 of 2025 issued against Indira Devi Jain in connection with illiquid stock options matter.
Summary
SEBI has issued a cancellation order for Recovery Certificate No. RC8459 of 2025 that was issued against Indira Devi Jain (PAN: ACPPJ2461H) in relation to a matter concerning illiquid stock options.
Key Points
- Recovery Certificate No. RC8459 of 2025 has been cancelled
- Certificate was issued against Indira Devi Jain (PAN: ACPPJ2461H)
- Matter relates to illiquid stock options
- Administrative action by SEBI
Regulatory Changes
No broader regulatory changes. This is a specific administrative action cancelling a recovery certificate.
Compliance Requirements
No new compliance requirements for market participants. This is an individual-specific administrative action.
Important Dates
- Order date: August 20, 2025
- Recovery Certificate originally issued: 2025 (specific date not provided)
Impact Assessment
This cancellation has minimal market impact as it relates to a specific individual case regarding illiquid stock options. The action is administrative in nature and does not affect broader market operations or regulatory framework.
Impact Justification
Administrative cancellation of recovery certificate affects specific individual, limited market impact