Description
SEBI issues recovery certificate and notice of demand against Lalita Chowdhary (PAN: ACOPC0249F) in the matter of illiquid stock options violations.
Summary
SEBI has issued Recovery Certificate No. RC9016 of 2026 along with a Notice of Demand against Lalita Chowdhary (PAN: ACOPC0249F) in connection with violations related to illiquid stock options. This enforcement action is part of SEBI’s ongoing efforts to recover dues from entities found to have violated securities regulations.
Key Points
- Recovery Certificate Number: RC9016 of 2026
- Individual: Lalita Chowdhary
- PAN: ACOPC0249F
- Case Matter: Illiquid Stock Options
- Action Type: Notice of Demand for recovery of dues
- Date of Notice: February 9, 2026
Regulatory Changes
No new regulatory changes. This is an enforcement action under existing SEBI regulations related to illiquid stock options and market manipulation.
Compliance Requirements
- Lalita Chowdhary is required to comply with the demand notice and pay the specified amount
- Failure to comply may result in further recovery proceedings including attachment of assets
- The recovery certificate enables SEBI to initiate recovery proceedings as per the SEBI Act
Important Dates
- Recovery Certificate Issue Date: February 9, 2026
- Payment deadline: As specified in the demand notice (refer to PDF for specific date)
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 enforcement and recovery in cases involving illiquid stock options and market manipulation.
Compliance Impact: High for the individual concerned - Non-compliance can lead to asset attachment and further legal proceedings.
Impact Justification
Recovery certificate for individual violations with limited broader market impact but significant for enforcement tracking