Description

SEBI issues Recovery Certificate No. RC9052 of 2026 and initiates Attachment Proceedings (A.P. Nos. 15241 & 15242 of 2026) against Anita Devi Chokhani (PAN: ACWPC0520B) in connection with the Illiquid Stock Options matter.

Summary

SEBI has issued Recovery Certificate No. RC9052 of 2026 and initiated Attachment Proceedings bearing A.P. Nos. 15241 & 15242 of 2026 against Anita Devi Chokhani (PAN: ACWPC0520B) in connection with the Illiquid Stock Options matter. This order is part of SEBI’s ongoing enforcement actions to recover unpaid penalties from entities found to have traded in illiquid stock option contracts.

Key Points

  • Recovery Certificate No. RC9052 of 2026 issued against Anita Devi Chokhani (PAN: ACWPC0520B)
  • Attachment Proceedings A.P. Nos. 15241 & 15242 of 2026 initiated
  • Proceedings relate to the Illiquid Stock Options enforcement matter
  • SEBI is pursuing recovery of dues/penalties through attachment of assets

Regulatory Changes

No new regulatory changes. This is an individual enforcement and recovery action under SEBI’s existing powers to recover penalties through attachment proceedings.

Compliance Requirements

  • Anita Devi Chokhani is required to comply with the recovery certificate and settlement of outstanding dues
  • Any assets subject to attachment are frozen pending recovery of amounts owed to SEBI
  • Financial institutions and depositories may be directed to freeze/attach assets of the named individual

Important Dates

  • Date of Order: March 17, 2026
  • Recovery Certificate No. RC9052 of 2026 issued on or around March 17, 2026

Impact Assessment

This order has a targeted impact limited to the named individual, Anita Devi Chokhani. It forms part of SEBI’s broader enforcement campaign against participants in the Illiquid Stock Options segment who were found to have engaged in manipulative or fraudulent trading practices. There is no direct market-wide impact; however, continued enforcement actions in this matter signal SEBI’s sustained commitment to recovering penalties from all violators identified in the Illiquid Stock Options case.

Impact Justification

Individual enforcement action for penalty recovery in the Illiquid Stock Options matter; affects one named individual and does not introduce new market-wide regulatory changes.