Description
SEBI issues notice of demand under Recovery Certificate No. RC9020 of 2026 against Moti Lal Baid (PAN: ADEPB8535G) in the matter of illiquid stock options violations.
Summary
SEBI has issued a Notice of Demand under Recovery Certificate No. RC9020 of 2026 against Moti Lal Baid (PAN: ADEPB8535G) in connection with violations related to illiquid stock options. This enforcement action is part of SEBI’s ongoing efforts to recover penalties imposed for market manipulation and regulatory violations involving illiquid stock options trading.
Key Points
- Recovery Certificate Number: RC9020 of 2026
- Entity: Moti Lal Baid
- PAN: ADEPB8535G
- Matter: Illiquid Stock Options violations
- Action Type: Notice of Demand for penalty recovery
- Issuing Authority: Securities and Exchange Board of India (SEBI)
Regulatory Changes
No new regulatory changes introduced. This is an enforcement action for existing violations.
Compliance Requirements
- Moti Lal Baid is required to comply with the demand notice and pay the penalties/amounts specified in the recovery certificate
- Failure to comply may result in further recovery proceedings including attachment of assets and bank accounts
- The noticee must respond to SEBI’s recovery demands within the specified timeline
Important Dates
- Certificate Issue Date: 2026
- Notice Publication Date: February 9, 2026
- Payment deadline and other specific dates are mentioned in the detailed recovery certificate document
Impact Assessment
Market Impact: Low - This is an individual enforcement action with no direct impact on market operations or trading activities.
Regulatory Impact: Medium - Demonstrates SEBI’s continued focus on enforcing penalties against illiquid stock options violations and market manipulation cases.
Compliance Impact: High for the individual - Moti Lal Baid faces financial recovery proceedings and potential asset attachment if non-compliant.
Precedent Value: This action reinforces SEBI’s commitment to recovering penalties from violators and serves as a deterrent for illiquid stock options manipulation.
Impact Justification
High severity enforcement action against individual entity with recovery certificate issued, but low market-wide impact as it concerns individual penalty recovery proceedings.