Description
SEBI has issued a Notice of Demand under Recovery Certificate No. RC9072 of 2026 against Alternative Dealers Private Limited (PAN: AAICA2613G) for recovery of dues arising from the Illiquid Stock Options matter.
Summary
SEBI has issued a Notice of Demand under Recovery Certificate No. RC9072 of 2026 against Alternative Dealers Private Limited (PAN: AAICA2613G). This notice is issued in connection with the matter of Illiquid Stock Options, directing the entity to pay outstanding dues as determined by prior SEBI orders.
Key Points
- Recovery Certificate No. RC9072 of 2026 issued by SEBI against Alternative Dealers Private Limited
- PAN of the defaulter entity: AAICA2613G
- Notice relates to the Illiquid Stock Options enforcement matter
- Demand is for recovery of penalty/disgorgement amounts previously ordered by SEBI
- Issued under Section 28A of the SEBI Act, 1992, which empowers SEBI to recover dues as arrears of land revenue
Regulatory Changes
No new regulatory changes are introduced. This is an enforcement/recovery action pursuant to existing SEBI orders in the Illiquid Stock Options matter.
Compliance Requirements
- Alternative Dealers Private Limited is required to pay the demanded amount within the stipulated time period as mentioned in the notice
- Non-compliance may lead to attachment and sale of properties, recovery through certificate proceedings, or other coercive recovery measures under applicable law
- The entity must respond to the designated SEBI recovery officer within the deadline specified in the notice
Important Dates
- Notice of Demand date: March 24, 2026
- Recovery Certificate No.: RC9072 of 2026
- Payment deadline: As specified in the notice (typically 15–30 days from date of demand)
Impact Assessment
This notice has a direct and significant financial impact on Alternative Dealers Private Limited, which faces recovery proceedings for dues arising from the Illiquid Stock Options enforcement action. The Illiquid Stock Options matter is a large-scale market manipulation case investigated by SEBI involving numerous entities. The broader market impact is limited, as this is a targeted enforcement action against a specific defaulting entity. Investors in or counterparties of Alternative Dealers Private Limited should be aware of the ongoing enforcement proceedings.
Impact Justification
Enforcement action targeting a specific entity for non-payment of dues in the Illiquid Stock Options matter; directly affects the named entity but has limited broader market impact.