Description
SEBI remittance advice regarding recovery proceedings against Kamla Jain (PAN: AEYPJ0761M) under Recovery Certificate No. 8063 of 2024 for violations related to trading in illiquid stock options on BSE.
Summary
SEBI has issued a remittance advice under Recovery Certificate No. 8063 of 2024 against Kamla Jain (PAN: AEYPJ0761M) for violations related to trading in illiquid stock options on BSE. This document pertains to recovery proceedings initiated by SEBI to collect outstanding dues from the defaulter.
Key Points
- Defaulter: Kamla Jain (PAN: AEYPJ0761M)
- Recovery Certificate No.: 8063 of 2024
- Violation: Trading in illiquid stock options on BSE
- Action Type: Remittance advice for recovery proceedings
- This is an enforcement action document tracking payment/recovery status
Regulatory Changes
No new regulatory changes. This is an enforcement action under existing SEBI regulations regarding trading violations.
Compliance Requirements
- The defaulter is required to comply with the recovery certificate and settle outstanding dues
- Payment must be made as per the terms specified in the recovery certificate
- Failure to comply may result in further enforcement actions including attachment of assets
Important Dates
- Recovery Certificate Date: 2024 (specific date in RC No. 8063/2024)
- Remittance Advice Issue Date: October 29, 2025
Impact Assessment
Market Impact: Minimal - This is an individual enforcement action with no direct impact on market operations or other participants.
Regulatory Significance: Part of SEBI’s ongoing enforcement efforts to ensure compliance and recover dues from violators of securities regulations.
Investor Impact: No direct impact on general investors. Demonstrates SEBI’s commitment to enforcing regulations against market manipulation and fraudulent trading practices.
Impact Justification
Individual enforcement action with limited market-wide impact. Important for the specific defaulter but does not affect broader market operations or regulatory framework.