Description
SEBI notice confirming completion of recovery proceedings against DEE KARTAVYA FINANCE LIMITED (PAN: AAACD1157A) in the matter of trading in illiquid stock options on BSE.
Summary
SEBI has issued a notice confirming the completion of Recovery Certificate No. 8592 of 2025 dated January 30, 2025, against DEE KARTAVYA FINANCE LIMITED (Defaulter, PAN: AAACD1157A) in the matter of trading in illiquid stock options on the Bombay Stock Exchange (BSE). This notice indicates that the recovery proceedings initiated against the defaulter have been successfully completed.
Key Points
- Recovery Certificate No. 8592 of 2025 has been completed
- Recovery Certificate was originally issued on January 30, 2025
- Defaulter: DEE KARTAVYA FINANCE LIMITED
- PAN of Defaulter: AAACD1157A
- Matter relates to trading in illiquid stock options on BSE
- Notice confirms successful conclusion of recovery proceedings
Regulatory Changes
No new regulatory changes introduced. This is a completion notice for existing enforcement proceedings.
Compliance Requirements
No ongoing compliance requirements as the recovery proceedings have been completed. The notice serves as formal confirmation that:
- All dues/penalties have been recovered from the defaulter
- The recovery certificate has been satisfied
- The enforcement action has been concluded
Important Dates
- January 30, 2025: Original issuance date of Recovery Certificate No. 8592 of 2025
- January 27, 2026: Date of completion notice issuance
Impact Assessment
Market Impact: Low - This is a completion notice indicating closure of enforcement proceedings rather than initiation of new action.
Entity Impact: The completion of recovery proceedings against DEE KARTAVYA FINANCE LIMITED indicates successful enforcement action by SEBI. The entity was previously identified as a defaulter for trading in illiquid stock options on BSE.
Investor Impact: Minimal direct impact on investors. The notice demonstrates SEBI’s active enforcement against entities engaging in illiquid stock options trading violations.
Precedent Value: Serves as a reminder of SEBI’s continued focus on enforcement actions related to manipulation through illiquid stock options trading.
Impact Justification
Recovery completion notice indicating successful conclusion of enforcement action against a defaulter. High severity due to enforcement action but low impact as proceedings are completed.