Description
SEBI cancels Recovery Certificate No. RC8414 of 2024 issued against Om Prakash Dalmia (PAN: ADKPD7701J) in the matter of Illiquid Stock Options.
Summary
SEBI has cancelled Recovery Certificate No. RC8414 of 2024 that was issued against Om Prakash Dalmia (PAN: ADKPD7701J) in connection with a matter involving Illiquid Stock Options.
Key Points
- Recovery Certificate No. RC8414 of 2024 has been cancelled
- Certificate was issued against Om Prakash Dalmia (PAN: ADKPD7701J)
- Matter relates to Illiquid Stock Options case
- Administrative action by SEBI’s recovery department
Regulatory Changes
No broader regulatory changes. This is an individual case-specific administrative action.
Compliance Requirements
No new compliance requirements for market participants. This affects only the specific individual mentioned.
Important Dates
- Original Recovery Certificate: 2024
- Cancellation Date: August 26, 2025
Impact Assessment
Minimal market impact as this is an administrative cancellation of a recovery certificate for an individual case. No broader implications for market operations or other participants.
Impact Justification
Administrative cancellation of recovery certificate for individual case with limited market impact