Description
SEBI recovery certificate issued to Mrinal Verma for dealing in illiquid stock options at BSE.
Summary
SEBI has issued a Notice of Demand under Recovery Certificate number 8884 of 2025 dated September 02, 2025, to Mrinal Verma (PAN: ADDPV0274F) in the matter of dealing in illiquid stock options at BSE. This is an enforcement action for recovery of penalties.
Key Points
- Recovery Certificate No. 8884 of 2025 issued on September 02, 2025
- Defaulter: Mrinal Verma (PAN: ADDPV0274F)
- Matter relates to dealing in illiquid stock options at BSE
- Document represents an enforcement recovery action by SEBI
Regulatory Changes
No regulatory changes indicated. This is an individual enforcement action.
Compliance Requirements
The named individual (Mrinal Verma) is required to comply with the recovery certificate demands as per SEBI enforcement procedures.
Important Dates
- Certificate Issue Date: September 02, 2025
- Further compliance deadlines would be specified in the recovery certificate details
Impact Assessment
This is an individual enforcement action with limited market impact. It serves as a reminder of SEBI’s enforcement actions against violations related to trading in illiquid stock options. Market participants should ensure compliance with regulations governing options trading, particularly in illiquid securities.
Impact Justification
Recovery certificate indicates enforcement action for regulatory violations