Description
SEBI issues Recovery Certificate No. RC9013 of 2026 under Attachment Proceedings Nos. 15257 & 15281 of 2026 against Pramod Kumar Jain (PAN: ACLPJ7469D) for recovery of dues arising from the Illiquid Stock Options matter.
Summary
SEBI has issued Recovery Certificate No. RC9013 of 2026 in connection with Attachment Proceedings (A.P.) Nos. 15257 and 15281 of 2026 against Pramod Kumar Jain (PAN: ACLPJ7469D). This certificate is part of SEBI’s ongoing enforcement action in the Illiquid Stock Options matter, directing recovery of outstanding dues from the named individual.
Key Points
- Recovery Certificate No. RC9013 of 2026 issued against Pramod Kumar Jain (PAN: ACLPJ7469D)
- Relates to Attachment Proceedings Nos. 15257 and 15281 of 2026
- Enforcement action arises from the Illiquid Stock Options case
- Certificate authorises recovery of dues as determined by SEBI
- Issued under SEBI’s recovery and enforcement powers
Regulatory Changes
No new regulatory changes. This document represents the execution of existing enforcement powers under SEBI (Recovery of Amounts) Rules and the SEBI Act.
Compliance Requirements
- Pramod Kumar Jain is required to comply with the terms of the Recovery Certificate
- Payment of the outstanding dues as specified in the certificate is required
- Non-compliance may result in further attachment and coercive recovery measures
Important Dates
- Certificate issued: April 10, 2026
- Attachment Proceedings A.P. Nos. 15257 & 15281 of 2026 are active
Impact Assessment
This is an individual enforcement action with no direct impact on the broader market or other market participants. The Illiquid Stock Options matter has been a long-running SEBI enforcement initiative targeting manipulation in illiquid options contracts. Recovery certificates such as this one represent the final enforcement stage where SEBI seeks to recover monetary penalties or disgorgement amounts from individuals found to have violated securities laws.
Impact Justification
This is an individual enforcement/recovery action against a specific person in the Illiquid Stock Options matter. It has no broader market impact but is a high-severity enforcement action for the named individual.