Description
SEBI Recovery Certificate issued against Poonam Charan Gupta (PAN: BIIPG2625L) in attachment proceedings 14960 & 14961 of 2025 related to illiquid stock options matter.
Summary
SEBI has issued Recovery Certificate No. RC8911 of 2025 in Attachment Proceedings Nos. 14960 & 14961 of 2025 against Poonam Charan Gupta (PAN: BIIPG2625L) in connection with violations related to illiquid stock options.
Key Points
- Recovery Certificate No. RC8911 of 2025 issued
- Attachment Proceedings Nos. 14960 & 14961 of 2025
- Entity: Poonam Charan Gupta (PAN: BIIPG2625L)
- Matter relates to illiquid stock options violations
- Enforcement action for recovery of dues/penalties
Regulatory Changes
No new regulatory changes introduced. This is an enforcement action under existing SEBI regulations related to market manipulation and illiquid stock trading.
Compliance Requirements
- The noticee is required to comply with the recovery certificate
- Payment of outstanding dues/penalties as determined by SEBI
- Assets may be attached for recovery purposes under the attachment proceedings
Important Dates
- Certificate Date: October 21, 2025
- Attachment Proceedings: Nos. 14960 & 14961 of 2025
Impact Assessment
This is an individual enforcement action with limited market impact. The recovery certificate is part of SEBI’s ongoing efforts to enforce compliance and recover dues from entities involved in illiquid stock manipulation. Market participants should note SEBI’s continued vigilance in prosecuting violations related to illiquid stock options trading.
Impact Justification
Recovery certificate against individual for illiquid stock options violations - high severity enforcement action but low market impact as it targets specific violator