Description
SEBI issues Recovery Certificate No. RC9012 of 2026 with Notice of Demand against Shiw Mohan Jaiswal (PAN: ADSPJ7624G) in the matter of Illiquid Stock Options.
Summary
SEBI has issued Recovery Certificate No. RC9012 of 2026 containing a Notice of Demand against Shiw Mohan Jaiswal (PAN: ADSPJ7624G) in connection with the matter of Illiquid Stock Options. This certificate initiates formal recovery proceedings for outstanding dues owed to SEBI.
Key Points
- Recovery Certificate Number: RC9012 of 2026
- Defaulter: Shiw Mohan Jaiswal
- PAN: ADSPJ7624G
- Matter: Illiquid Stock Options
- Document Type: Notice of Demand for recovery of dues
- Recovery proceedings initiated under SEBI Act
Regulatory Changes
No regulatory changes. This is an enforcement action under existing recovery provisions.
Compliance Requirements
- Shiw Mohan Jaiswal is required to pay the demanded amount as specified in the recovery certificate
- Failure to comply may result in further enforcement actions including attachment of assets and bank accounts
- The recovery certificate empowers SEBI to take coercive measures for debt recovery
Important Dates
- Recovery Certificate Issue Date: 2026
- Payment deadline and specific dates would be mentioned in the detailed notice
Impact Assessment
Market Impact: Negligible - This is an individual enforcement action with no direct market-wide implications.
Regulatory Impact: Part of SEBI’s ongoing enforcement efforts to recover dues from defaulters in illiquid stock options cases. Demonstrates SEBI’s commitment to pursuing recovery proceedings against violators.
Operational Impact: Specific to the individual named in the certificate. No impact on market participants or intermediaries.
Impact Justification
Recovery certificate against individual defaulter in illiquid stock options matter - limited market-wide impact but high severity for the individual concerned