Description
SEBI announces completion of recovery proceedings under Recovery Certificate No. RC 8149 of 2024 against Surya Prakash Kaloya in relation to illiquid stock options matter.
Summary
SEBI has issued a notice regarding the completion of Recovery Certificate No. RC 8149 of 2024 against Surya Prakash Kaloya (PAN: ATIPK3630R) in the matter of Illiquid Stock Options. This notice confirms that recovery proceedings initiated under the said certificate have been concluded.
Key Points
- Recovery Certificate No. RC 8149 of 2024 has been completed
- Proceedings were against Surya Prakash Kaloya (PAN: ATIPK3630R)
- Matter relates to illiquid stock options
- Administrative enforcement action by SEBI
- Completion indicates conclusion of recovery process
Regulatory Changes
No new regulatory changes introduced. This is an administrative notice regarding completion of existing enforcement proceedings.
Compliance Requirements
This notice is informational in nature and does not impose new compliance requirements on market participants. It serves as a public record of the completion of recovery proceedings.
Important Dates
- Recovery Certificate Date: 2024
- Completion Notice Date: December 26, 2025
Impact Assessment
The impact is limited to the specific individual named in the recovery proceedings. This is a routine enforcement completion notice with minimal broader market implications. The completion of recovery proceedings indicates that SEBI’s enforcement action has reached conclusion, either through recovery of dues or other resolution mechanisms under the applicable recovery framework.
Impact Justification
Administrative notice regarding completion of recovery proceedings against a specific individual. Limited broader market impact as it pertains to enforcement action against single entity related to illiquid stock options.