Description
SEBI issues Notice of Demand under Recovery Certificate RC9023/2026 against Sohan Lal Dugar (PAN: AGUPD4142J) in the matter of Illiquid Stock Options.
Summary
SEBI has issued Recovery Certificate No. RC9023 of 2026 containing a Notice of Demand against Sohan Lal Dugar (PAN: AGUPD4142J) in connection with violations related to illiquid stock options. This is part of SEBI’s enforcement and debt recovery proceedings against entities involved in securities market violations.
Key Points
- Recovery Certificate Number: RC9023 of 2026
- Notice issued to: Sohan Lal Dugar
- PAN: AGUPD4142J
- Matter relates to: Illiquid Stock Options case
- Action type: Notice of Demand for recovery of dues
- Issued under SEBI’s recovery and enforcement powers
Regulatory Changes
No new regulatory changes. This is an enforcement action under existing SEBI recovery provisions.
Compliance Requirements
Sohan Lal Dugar is required to:
- Pay the demanded amount as specified in the Recovery Certificate
- Respond to the notice within the stipulated timeframe
- Comply with SEBI’s recovery proceedings
- Failure to comply may result in further enforcement actions including attachment of assets
Important Dates
- Recovery Certificate Date: February 9, 2026
- Payment deadline and other specific dates would be mentioned in the detailed notice
Impact Assessment
This is an individual enforcement action with no direct market impact. The notice is specific to recovery proceedings against Sohan Lal Dugar for dues related to illiquid stock options violations. This represents SEBI’s ongoing efforts to recover penalties and dues from violators of securities regulations. Market participants and investors are not directly affected.
Impact Justification
Enforcement action against individual for illiquid stock options violations. High severity for the named individual but low market-wide impact.