Description
SEBI issues Recovery Certificate RC9019 of 2026 demanding payment from Namrata Choradia (PAN: AVLPC7083R) in the matter of illiquid stock options violations.
Summary
SEBI has issued Recovery Certificate No. RC9019 of 2026 containing a Notice of Demand against Namrata Choradia (PAN: AVLPC7083R) in connection with illiquid stock options violations. This document is part of SEBI’s enforcement and recovery proceedings for securities market violations.
Key Points
- Recovery Certificate Number: RC9019 of 2026
- Party: Namrata Choradia (PAN: AVLPC7083R)
- Matter: Illiquid Stock Options violations
- Document Type: Notice of Demand under recovery proceedings
- Enforcement action initiated by SEBI
Regulatory Changes
No new regulatory changes introduced. This is an enforcement action under existing SEBI regulations governing illiquid stock options and market manipulation.
Compliance Requirements
- Namrata Choradia is required to comply with the demand notice
- Payment of amounts demanded within specified timeline
- Failure to comply may result in further recovery proceedings including attachment of assets
- Party must respond to recovery officer as per the notice requirements
Important Dates
- Recovery Certificate Date: 2026
- Notice Issue Date: February 9, 2026
- Payment deadline: As specified in the notice (refer to PDF document)
Impact Assessment
Individual Impact: High - Direct enforcement action against Namrata Choradia with financial implications and potential asset recovery proceedings.
Market Impact: Low - This is an individual enforcement case with no broader market implications. It demonstrates SEBI’s continued vigilance in pursuing violations related to illiquid stock options.
Compliance Impact: Serves as a reminder to market participants about SEBI’s enforcement capabilities and the consequences of engaging in illiquid stock options violations or market manipulation activities.
Impact Justification
High severity enforcement action against an individual for illiquid stock options violations. Low market impact as it affects a single entity with recovery proceedings.