Description

SEBI cancels Recovery Certificate No. RC8035 of 2024 issued against Kamla Devi Bajoria in the matter of Illiquid Stock Options, following compliance or settlement of dues.

Summary

SEBI has cancelled Recovery Certificate No. RC8035 of 2024 issued against Kamla Devi Bajoria (PAN: ADVPB0868R) in the matter of Illiquid Stock Options. This cancellation order closes out the recovery proceedings initiated against this individual, indicating that the outstanding dues have been recovered, settled, or the certificate is being withdrawn for procedural reasons.

Key Points

  • Recovery Certificate No. RC8035 of 2024 issued against Kamla Devi Bajoria (PAN: ADVPB0868R) has been cancelled
  • The matter pertains to Illiquid Stock Options enforcement proceedings
  • This cancellation is an administrative closure of recovery proceedings against a specific individual
  • A companion release order (RC8035 of 2024) was also issued on the same date (2026-03-12), indicating coordinated closure of this recovery action

Regulatory Changes

No regulatory changes. This is an administrative enforcement action — specifically the cancellation of a recovery certificate issued under SEBI’s recovery proceedings framework for the Illiquid Stock Options matter.

Compliance Requirements

No new compliance requirements for market participants. This order affects only the specific named entity (Kamla Devi Bajoria, PAN: ADVPB0868R) and closes the recovery proceedings against them.

Important Dates

  • Order Date: 2026-03-12
  • Recovery Certificate: RC8035 of 2024 (originally issued in 2024)

Impact Assessment

Minimal market impact. This is a routine administrative closure of enforcement proceedings against an individual in the Illiquid Stock Options matter. The cancellation of the recovery certificate indicates conclusion of the recovery action, with no broader implications for market participants or trading operations.

Impact Justification

This is an administrative cancellation of a recovery certificate for an individual entity (Kamla Devi Bajoria) in the Illiquid Stock Options matter. It has no broader market impact and represents conclusion of an enforcement action against a specific individual.