Description
SEBI issues a release order for Recovery Certificate No. RC6839 of 2023 against Niraj Damani (PAN: AMMPD2651G) in the matter of illiquid stock options trading at BSE, indicating completion or settlement of the recovery proceedings.
Summary
SEBI has issued a Release Order for Recovery Certificate No. RC6839 of 2023, which was issued against Niraj Damani (PAN: AMMPD2651G) in connection with the matter of trading in illiquid stock options at BSE. The release order signifies that the recovery proceedings against this individual have been concluded or the dues have been satisfied.
Key Points
- Release Order issued for Recovery Certificate No. RC6839 of 2023
- Pertains to Niraj Damani (PAN: AMMPD2651G)
- Related to the illiquid stock options matter at BSE
- Release indicates settlement or completion of recovery proceedings
- Issued by SEBI’s enforcement/recovery division
Regulatory Changes
No regulatory changes are introduced by this order. This is an administrative enforcement action specific to the named individual.
Compliance Requirements
No new compliance requirements for market participants. This order is specific to the named defaulter, Niraj Damani, and relates to the closure of recovery proceedings under Recovery Certificate No. RC6839 of 2023.
Important Dates
- Recovery Certificate No. RC6839 originally issued: 2023
- Release Order date: February 26, 2026
Impact Assessment
This order has minimal market impact as it is an individual enforcement matter. The release of the recovery certificate against Niraj Damani in the illiquid stock options matter at BSE concludes this particular enforcement proceeding. No broader implications for market participants or trading operations.
Impact Justification
This is an administrative release order for a specific individual's recovery certificate in an enforcement matter. It has no broader market impact and affects only the named party.