Description
SEBI issues notice of attachment under RC No. 8959/2025 against Ranjeet S Yadav for dealing in illiquid stock options at BSE.
Summary
SEBI has issued a Notice of Attachment dated December 31, 2025 under Recovery Certificate No. 8959 of 2025 against Ranjeet S Yadav in connection with unauthorized dealing in illiquid stock options at the Bombay Stock Exchange (BSE). This enforcement action is part of SEBI’s ongoing efforts to curb manipulative trading practices in illiquid derivatives.
Key Points
- Notice of Attachment issued under Recovery Certificate No. 8959 of 2025
- Target: Ranjeet S Yadav
- Violation: Dealing in illiquid stock options at BSE
- Notice Date: December 31, 2025
- Enforcement mechanism: Asset attachment for recovery proceedings
Regulatory Changes
No new regulatory changes introduced. This is an enforcement action under existing SEBI regulations governing market manipulation and illiquid derivatives trading.
Compliance Requirements
- The notice holder (Ranjeet S Yadav) must comply with the attachment order
- Any person or entity holding assets of the notice holder must not transfer or dispose of such assets
- Banks and financial institutions are required to freeze accounts as per the attachment notice
- Failure to comply with the attachment notice may result in additional penalties
Important Dates
- Notice Date: December 31, 2025
- Recovery Certificate Number: RC No. 8959 of 2025
Impact Assessment
Individual Impact: High - Direct enforcement action against Ranjeet S Yadav with asset attachment, restricting financial transactions and asset disposal.
Market Impact: Low to Medium - Reinforces SEBI’s commitment to monitoring and penalizing manipulative practices in illiquid stock options, serving as a deterrent for similar violations.
Systemic Significance: This action is part of SEBI’s broader crackdown on illiquid stock options manipulation, which has been a recurring concern in Indian derivatives markets. The attachment mechanism demonstrates SEBI’s escalated enforcement approach to ensure recovery of dues from violators.
Impact Justification
Enforcement action involving asset attachment for trading violations in illiquid stock options, indicating serious regulatory breach with direct financial consequences for the individual.