Description
SEBI announces completion of recovery proceedings under Certificate No. 8424 of 2024 dated November 09, 2024 against SVPL Developers Private Limited (PAN: AANCS4636F) in the matter of trading in illiquid stock options on BSE.
Summary
SEBI has completed recovery proceedings under Recovery Certificate No. 8424 of 2024 dated November 09, 2024 against SVPL Developers Private Limited (PAN: AANCS4636F). The recovery action was related to violations in trading of illiquid stock options on the Bombay Stock Exchange (BSE).
Key Points
- Recovery Certificate No. 8424 of 2024 dated November 09, 2024 has been completed
- Defaulter entity: SVPL Developers Private Limited (PAN: AANCS4636F)
- Violation relates to trading in illiquid stock options on BSE
- Recovery proceedings have been successfully concluded
Regulatory Changes
No new regulatory changes introduced. This is an enforcement completion notice.
Compliance Requirements
No new compliance requirements. This document serves as a completion notice for existing recovery proceedings.
Important Dates
- Recovery Certificate Issue Date: November 09, 2024
- Recovery Completion Announcement: January 13, 2026
Impact Assessment
This completion notice has minimal market impact as it pertains to concluded enforcement action against a specific defaulter entity. The notice serves to inform stakeholders that SEBI has successfully completed recovery proceedings for violations related to illiquid stock options trading on BSE. No broader market implications or new compliance obligations arise from this announcement.
Impact Justification
Recovery completion notice for a specific defaulter entity. Limited market-wide impact as it pertains to enforcement action against a single entity for past violations in illiquid stock options trading.