Description
SEBI issues a release order for Recovery Certificate No. 7370 of 2023 against Mamta Garg (PAN: AGWPG4082A), indicating compliance with dues related to illiquid stock options trading at BSE.
Summary
SEBI has issued a Release Order for Recovery Certificate No. 7370 of 2023 against Mamta Garg (PAN: AGWPG4082A). This order indicates that the dues or penalties imposed by SEBI in connection with the matter of trading in Illiquid Stock Options at BSE have been satisfied, and accordingly the recovery certificate is being released.
Key Points
- Release Order issued against Mamta Garg (PAN: AGWPG4082A)
- Pertains to Recovery Certificate No. 7370 of 2023
- Related to trading in Illiquid Stock Options at BSE
- Release indicates compliance with outstanding dues or satisfaction of penalties
- This is a compliance completion order signifying closure of the recovery proceeding
Regulatory Changes
No new regulatory changes. This is an administrative order under SEBI’s enforcement and recovery mechanism, confirming resolution of an existing recovery proceeding.
Compliance Requirements
- No further action required from Mamta Garg with respect to Recovery Certificate No. 7370 of 2023, as the release order confirms dues have been settled
- No obligations on other market participants
Important Dates
- Recovery Certificate No. 7370 of 2023: Originally issued in 2023
- Release Order Date: March 12, 2026
Impact Assessment
This order has minimal market impact. It is a routine administrative closure of an individual enforcement action related to illiquid stock options trading at BSE. The release of the recovery certificate signals that the respondent has fulfilled their financial obligations to SEBI, concluding the enforcement proceedings. There is no systemic or broader market implication.
Impact Justification
This is an administrative release order for a single individual's recovery certificate, indicating dues have been settled. It has no broader market impact and is routine enforcement administration.