Description
SEBI issues a completion order for Recovery Certificate No. 3313 of 2021 against Deepakkumar Shubhashchandra Mehta in the matter of dealing in illiquid stock options at BSE, signifying full recovery of dues.
Summary
SEBI has issued a Completion Order for Recovery Certificate No. 3313 of 2021 against Deepakkumar Shubhashchandra Mehta in the matter of dealing in illiquid stock options at BSE. This order signifies that the recovery proceedings initiated under the said certificate have been fully satisfied and the outstanding dues have been recovered.
Key Points
- Recovery Certificate No. 3313 of 2021 was issued against Deepakkumar Shubhashchandra Mehta.
- The matter pertains to dealings in illiquid stock options at BSE.
- SEBI has issued a Completion Order, indicating that the recovery of dues under the certificate has been completed.
- This order closes the enforcement/recovery proceedings initiated under the said recovery certificate.
Regulatory Changes
No new regulatory changes are introduced by this order. It is an administrative closure of an existing enforcement action.
Compliance Requirements
No further compliance obligations arise from this order for market participants. The subject individual (Deepakkumar Shubhashchandra Mehta) has satisfied the outstanding dues as required under Recovery Certificate No. 3313 of 2021.
Important Dates
- Recovery Certificate No. 3313 of 2021: Originally issued in 2021.
- Completion Order Date: March 12, 2026.
Impact Assessment
This is a routine administrative order with minimal broader market impact. It confirms the closure of a specific enforcement recovery action against an individual involved in illiquid stock options trading at BSE. No systemic or policy-level implications for market participants.
Impact Justification
Routine administrative completion order confirming full recovery of dues against an individual in a concluded enforcement matter; no broader market or regulatory policy implications.