Description
SEBI issues Notice of Demands under Recovery Certificate No. 9077 of 2026 against Amit S Yadav in connection with dealings in illiquid stock options at BSE.
Summary
SEBI has issued a Notice of Demands under Recovery Certificate No. 9077 of 2026 dated April 02, 2026 against Amit S Yadav in connection with dealings in illiquid stock options at BSE. This is an enforcement action for recovery of dues determined in prior adjudication proceedings relating to illiquid stock options manipulation.
Key Points
- Recovery Certificate Number: 9077 of 2026
- Party Name: Amit S Yadav
- Matter: Dealing in Illiquid Stock Options at BSE
- Document Type: Notice of Demands
- Issued by: Securities and Exchange Board of India
- Date of Notice: April 02, 2026
Regulatory Changes
No new regulatory changes. This is an enforcement/recovery action under the existing SEBI recovery framework pursuant to prior adjudication proceedings.
Compliance Requirements
Amit S Yadav is required to comply with the demand notice and pay the amounts specified under Recovery Certificate No. 9077 of 2026 within the stipulated timeline. Failure to comply may result in further recovery proceedings, including attachment of bank accounts, demat accounts, and other assets.
Important Dates
- Notice of Demands Issue Date: April 02, 2026
- Specific payment deadlines and other dates are detailed in the notice document
Impact Assessment
This is an individual enforcement action with no direct broad market impact. It reflects SEBI’s continued pursuit of recovery against parties found to have dealt in illiquid stock options at BSE. Such proceedings serve as a deterrent for market manipulation in illiquid derivatives segments and reinforce regulatory accountability.
Impact Justification
High severity enforcement action targeting an individual for illiquid stock options manipulation at BSE, but limited market-wide impact as it is a specific recovery proceeding against a named party.