Description

SEBI issues a release order for Nidhi Singh (PAN: CPWPS7287E) in connection with Certificate No. 8436 of 2024, arising from proceedings related to trading in illiquid stock options on BSE.

Summary

SEBI has issued a Release Order in the matter of Nidhi Singh (PAN: CPWPS7287E), who was designated a defaulter in proceedings related to trading in illiquid stock options on BSE. The release pertains to Recovery Certificate No. 8436 of 2024 dated December 10, 2024, indicating that the outstanding dues under the certificate have been satisfied.

Key Points

  • Release Order issued by SEBI in favour of / concerning Nidhi Singh (PAN: CPWPS7287E)
  • Pertains to Recovery Certificate No. 8436 of 2024 (issued December 10, 2024)
  • Underlying matter involves trading in illiquid stock options on BSE
  • Release order signifies closure of recovery proceedings against the named defaulter
  • No further recovery action to be pursued under the specified certificate

Regulatory Changes

No new regulatory changes are introduced. This is an administrative order closing a specific recovery proceeding.

Compliance Requirements

No compliance requirements for the broader market. This order is specific to the named defaulter and the identified recovery certificate. Relevant parties (exchanges, depositories, banks) who were notified of the recovery certificate should update their records to reflect the release.

Important Dates

  • Recovery Certificate No. 8436 of 2024 originally dated: December 10, 2024
  • Release Order date: February 26, 2026

Impact Assessment

Minimal market impact. This is a routine enforcement closure order affecting a single individual. It confirms that the recovery dues related to illiquid stock options trading violations on BSE have been settled by the defaulter, and SEBI’s recovery mechanism has been successfully applied in this case.

Impact Justification

Routine individual-level enforcement release order with no systemic market impact; concerns a single defaulter whose recovery dues have been settled, closing Certificate No. 8436 of 2024.