Description
Recovery notice issued to Meenu Ajmera for dealing in illiquid stock options at BSE.
Summary
SEBI has issued a Notice of Demand under Recovery Certificate No. 8886 of 2025 dated September 2, 2025 to Meenu Ajmera (PAN: ADDPA4350R) in connection with dealing in illiquid stock options at BSE.
Key Points
- Recovery Certificate No. 8886 of 2025 issued
- Defaulter: Meenu Ajmera (PAN: ADDPA4350R)
- Matter relates to dealing in illiquid stock options at BSE
- Notice issued on September 2, 2025
Regulatory Changes
No regulatory changes specified. This is an enforcement action under existing regulations.
Compliance Requirements
- Named individual must comply with the recovery certificate requirements
- Payment of demanded amount as per the recovery certificate
- Adherence to SEBI regulations regarding trading in illiquid stock options
Important Dates
- Notice Issue Date: September 2, 2025
- Compliance timeline as specified in the recovery certificate
Impact Assessment
Individual enforcement action with limited direct market impact. Sets precedent for enforcement actions related to illiquid stock options trading violations at BSE. Other market participants dealing in options should ensure compliance with regulations regarding illiquid securities.
Impact Justification
Individual enforcement action with limited market-wide impact but important for compliance precedent