Description
SEBI remittance advice in the matter of trading in illiquid stock options on BSE against defaulter Nidhi Singh under Recovery Certificate No. 8436 of 2024.
Summary
SEBI has issued a remittance advice against Nidhi Singh (PAN: CPWPS7287E) in connection with Recovery Certificate No. 8436 of 2024. This relates to a matter concerning trading in illiquid stock options on the Bombay Stock Exchange (BSE). The remittance advice is part of SEBI’s enforcement and recovery proceedings against the defaulter.
Key Points
- Remittance advice issued against Nidhi Singh (PAN: CPWPS7287E)
- Related to Recovery Certificate No. 8436 of 2024
- Matter concerns trading in illiquid stock options on BSE
- Part of SEBI’s enforcement and recovery action
Regulatory Changes
No regulatory changes. This is an enforcement action document.
Compliance Requirements
This document pertains to recovery proceedings against a specific individual defaulter. No general compliance requirements for market participants.
Important Dates
- Document Date: January 23, 2026
- Recovery Certificate No.: 8436 of 2024
Impact Assessment
This is an individual enforcement action with limited market-wide impact. The remittance advice relates to SEBI’s ongoing efforts to recover dues from entities involved in illiquid stock options trading violations. This action demonstrates SEBI’s continued focus on enforcement and recovery in cases of market manipulation and violations related to illiquid securities trading.
Impact Justification
Individual enforcement action for recovery of dues from a defaulter in illiquid stock options trading case; limited market-wide impact.