Description

SEBI issues a release order for Recovery Certificate No. 3313 of 2021 against Deepakkumar Shubhashchandra Mehta, indicating compliance with dues arising from dealings in illiquid stock options at BSE.

Summary

SEBI has issued a Release Order for Recovery Certificate No. 3313 of 2021 against Deepakkumar Shubhashchandra Mehta in connection with dealings in illiquid stock options at the Bombay Stock Exchange (BSE). The release order signifies that the dues under the recovery certificate have been satisfied or that the attachment/prohibitory order previously imposed can now be lifted.

Key Points

  • Release Order issued against Deepakkumar Shubhashchandra Mehta
  • Pertains to Recovery Certificate No. 3313 of 2021
  • Underlying matter involves dealings in illiquid stock options at BSE
  • Order confirms compliance or settlement of outstanding recovery dues
  • Issued by SEBI under its recovery and enforcement powers

Regulatory Changes

No new regulatory changes. This is an administrative compliance/enforcement order specific to the named individual and the referenced recovery certificate.

Compliance Requirements

  • No new compliance obligations imposed on the market at large
  • The named individual (Deepakkumar Shubhashchandra Mehta) is released from obligations under Recovery Certificate No. 3313 of 2021
  • Relevant parties (banks, depositories, etc.) previously served with attachment orders should treat this release order as authority to lift any freeze or attachment

Important Dates

  • Order Date: March 12, 2026
  • Recovery Certificate Reference: No. 3313 of 2021

Impact Assessment

This order has no material impact on the broader market or market participants. It is a routine administrative order closing out enforcement action against a specific individual. The issuance of this release order indicates the recovery proceedings initiated under Certificate No. 3313 of 2021 have reached their conclusion through compliance or settlement.

Impact Justification

This is an administrative release order confirming compliance/recovery completion for a specific individual; it has no broader market or regulatory impact.