Description
SEBI issues Recovery Certificate and Notice of Demand against Ritu Agarwal (PAN: ACBPC0253E) in connection with illiquid stock options matter.
Summary
SEBI has issued Recovery Certificate No. RC9008 of 2026 along with a Notice of Demand against Ritu Agarwal (PAN: ACBPC0253E) in relation to the illiquid stock options matter. This certificate authorizes SEBI to recover outstanding dues through statutory recovery mechanisms.
Key Points
- Recovery Certificate Number: RC9008 of 2026
- Defaulter: Ritu Agarwal
- PAN: ACBPC0253E
- Matter: Illiquid Stock Options
- Type of Action: Recovery proceedings initiated for non-payment of penalties/dues
Regulatory Changes
No new regulatory changes. This is an enforcement action under existing SEBI recovery procedures.
Compliance Requirements
- Ritu Agarwal is required to pay the outstanding dues as specified in the demand notice
- Failure to comply may result in asset attachment, bank account freezing, or other recovery measures
- The certificate enables SEBI to initiate recovery as arrears of land revenue
Important Dates
- Certificate Issue Date: January 22, 2026
- Payment deadline and other specific dates would be mentioned in the detailed notice
Impact Assessment
This recovery certificate represents SEBI’s enforcement action against an individual who failed to pay penalties or dues related to illiquid stock option violations. The impact is significant for the named individual, as SEBI can now use statutory powers to recover amounts through attachment of assets, bank accounts, or other means. This demonstrates SEBI’s commitment to enforcing compliance and recovering dues from market violations.
Impact Justification
Recovery certificate indicates enforcement action for non-payment of dues related to illiquid stock violations; high impact for the individual named but limited broader market impact