Description

Remittance advice issued by SEBI against defaulter Radhika Nevatia (PAN: AAUPN5467E) in the matter of Illiquid Stock Options at BSE under Recovery Certificate No. 8091 of 2024.

Summary

SEBI has issued a remittance advice against Radhika Nevatia (PAN: AAUPN5467E), who has been declared a defaulter in connection with illiquid stock options trading at the Bombay Stock Exchange (BSE). This notice pertains to recovery proceedings under Recovery Certificate No. 8091 of 2024.

Key Points

  • Defaulter Name: Radhika Nevatia
  • PAN: AAUPN5467E
  • Matter: Illiquid Stock Options at BSE
  • Recovery Certificate Number: 8091 of 2024
  • Document Type: Remittance Advice
  • Date: October 28, 2025

Regulatory Changes

No regulatory changes are introduced by this notice. This is an enforcement and recovery action against an individual defaulter.

Compliance Requirements

This notice is specific to the defaulter Radhika Nevatia and does not impose new compliance requirements on market participants. It relates to ongoing recovery proceedings for amounts due under the specified recovery certificate.

Important Dates

  • Document Date: October 28, 2025
  • Recovery Certificate: No. 8091 of 2024

Impact Assessment

Market Impact: Minimal - This is an individual enforcement action with no broader market implications.

Regulatory Impact: None - No new rules or regulations are being introduced.

Stakeholder Impact: Limited to the specific defaulter. This action demonstrates SEBI’s ongoing enforcement efforts in matters related to illiquid stock options trading violations at BSE.

Nature of Action: This remittance advice is part of SEBI’s recovery proceedings to collect amounts due from the defaulter pursuant to the recovery certificate issued in 2024. Such notices are routine administrative enforcement actions that follow due process of law in securities market violations.

Impact Justification

This is an individual enforcement action against a specific defaulter regarding illiquid stock options. While the severity of enforcement action against an individual is high for that person, the impact on the broader market and other participants is low as it relates to recovery proceedings against a single defaulter. This is an administrative matter with no systemic implications or changes to regulations.