Description
SEBI issues Notice of Demand under Recovery Certificate No. RC9021 of 2026 against Raj Kumar Nemani and Sons HUF (PAN: AAHHR0158K) in connection with illiquid stock options matter.
Summary
SEBI has issued Recovery Certificate No. RC9021 of 2026 containing a Notice of Demand against Raj Kumar Nemani and Sons HUF (PAN: AAHHR0158K) in connection with a matter relating to illiquid stock options. This is part of SEBI’s enforcement and recovery proceedings against entities involved in violations.
Key Points
- Recovery Certificate Number: RC9021 of 2026
- Noticee: Raj Kumar Nemani and Sons HUF
- PAN: AAHHR0158K
- Matter: Illiquid Stock Options
- Document Type: Notice of Demand under recovery proceedings
Regulatory Changes
No new regulatory changes. This is an enforcement action under existing SEBI recovery mechanisms.
Compliance Requirements
- Raj Kumar Nemani and Sons HUF is required to comply with the Notice of Demand
- The entity must pay the demanded amount as specified in the recovery certificate
- Non-compliance may lead to further enforcement actions including attachment of assets
Important Dates
- Certificate Issue Date: February 9, 2026
- Payment deadline and other specific dates would be mentioned in the detailed notice
Impact Assessment
Market Impact: Negligible - This is an entity-specific enforcement action with no broader market implications.
Regulatory Impact: Low - Part of routine recovery proceedings against specific noticees.
Affected Parties: Raj Kumar Nemani and Sons HUF - must respond to the Notice of Demand and comply with recovery proceedings.
This action demonstrates SEBI’s continued enforcement against violations related to illiquid stock options schemes and its commitment to recovering dues from violators.
Impact Justification
Recovery certificate against specific HUF entity with no broader market impact; relevant only to the noticee for enforcement and recovery proceedings