Description
SEBI cancels recovery certificate RC7977 of 2024 against Sulochana Dalmia in connection with illiquid stock options matter.
Summary
SEBI has cancelled Recovery Certificate No. RC7977 of 2024 issued against Sulochana Dalmia (PAN: AAXPD9770F) in connection with illiquid stock options matter. This cancellation indicates that the recovery proceedings against the individual have been withdrawn or resolved.
Key Points
- Recovery Certificate RC7977 of 2024 has been cancelled
- Certificate was issued against Sulochana Dalmia (PAN: AAXPD9770F)
- Matter relates to illiquid stock options case
- Administrative action by SEBI’s recovery department
Regulatory Changes
No new regulatory changes introduced. This is an administrative cancellation of existing recovery proceedings.
Compliance Requirements
No additional compliance requirements arising from this cancellation. The withdrawal of recovery certificate removes previous enforcement obligations against the named individual.
Important Dates
- Original Certificate Date: 2024
- Cancellation Date: August 27, 2025
Impact Assessment
This cancellation has minimal market impact as it represents resolution of individual enforcement proceedings. The action indicates closure of recovery proceedings against Sulochana Dalmia in the illiquid stock options matter, likely due to compliance, settlement, or other resolution of the underlying issues.
Impact Justification
Administrative cancellation of recovery certificate with limited market impact