Description
SEBI issues recovery notice demanding payment from Nimisha Hemani (PAN: ABFPH7961K) in connection with violations related to illiquid stock options.
Summary
SEBI has issued Certificate No. RC9007 of 2026, which is a formal Notice of Demand directed at Nimisha Hemani (PAN: ABFPH7961K) under its recovery proceedings framework. This notice relates to violations in the matter of illiquid stock options and represents SEBI’s enforcement action to recover penalties or monetary dues from the individual.
Key Points
- Recovery certificate issued against individual Nimisha Hemani
- Case involves violations related to illiquid stock options trading or manipulation
- Formal demand notice under SEBI’s enforcement and recovery framework
- Certificate number RC9007 of 2026 for tracking purposes
- Part of SEBI’s ongoing enforcement against market manipulation schemes
Regulatory Changes
No new regulatory changes introduced. This is an enforcement action under existing SEBI regulations governing recovery proceedings and penalties for securities law violations.
Compliance Requirements
- Nimisha Hemani is required to pay the demanded amount as specified in the notice
- Non-compliance may lead to further recovery actions including attachment of assets
- The noticee must respond within the timeframe specified in the detailed notice
Important Dates
- Notice Date: January 21, 2026
- Specific payment deadlines and response timelines are contained in the detailed notice document
Impact Assessment
Market Impact: Low - This is an individual enforcement action with no direct impact on market operations or listed companies.
Regulatory Impact: Medium - Demonstrates SEBI’s continued focus on illiquid stock option violations and strengthens deterrence against such practices.
Investor Impact: Low - No direct impact on general investors, though it serves as a warning about consequences of participating in illiquid stock manipulation schemes.
Precedent Value: Medium - Adds to the body of enforcement actions in illiquid stock options cases, which have been a focus area for SEBI in combating fraudulent schemes.
Impact Justification
High severity enforcement action against individual but low market impact as it affects only one person. Medium importance for compliance tracking and precedent value in illiquid stock options violations.