Description
SEBI has issued a Notice of Demand under Recovery Certificate No. RC9098 of 2026 against Akash (PAN: BLLPA5954N) for recovery of dues in the matter of Illiquid Stock Options at BSE.
Summary
SEBI has issued a Notice of Demand under Recovery Certificate No. RC9098 of 2026 against Akash (PAN: BLLPA5954N) in connection with the matter of Illiquid Stock Options at BSE. This notice is part of SEBI’s recovery proceedings to collect dues imposed through earlier regulatory orders related to manipulation in illiquid stock options traded on BSE.
Key Points
- Recovery Certificate No. RC9098 of 2026 issued against Akash (PAN: BLLPA5954N)
- Pertains to the Illiquid Stock Options at BSE enforcement matter
- Notice of Demand issued as part of SEBI’s recovery proceedings
- Individual enforcement action with no broad market implications
- SEBI is proceeding to recover dues arising from prior orders/penalties
Regulatory Changes
No new regulatory changes. This is an enforcement/recovery action pursuant to existing SEBI orders in the BSE Illiquid Stock Options matter.
Compliance Requirements
- The named individual (Akash, PAN: BLLPA5954N) is required to pay the demanded amount as specified in the Recovery Certificate
- Failure to comply may result in further recovery action by SEBI under applicable provisions of the SEBI Act and the Securities Contracts (Regulation) Act
Important Dates
- Recovery Certificate RC9098 issued: 2026
- Notice of Demand published: 2026-04-30
- Payment deadline: As specified in the notice (refer to the PDF for exact date)
Impact Assessment
This notice has no systemic or broad market impact. It is an individual-level enforcement action targeting a specific person found to have participated in illiquid stock options trading at BSE in violation of SEBI regulations. The BSE Illiquid Stock Options matter has been a long-running enforcement action by SEBI against multiple entities. Market participants not involved in this matter are unaffected.
Impact Justification
This is an individual enforcement/recovery action against a specific person (Akash, PAN: BLLPA5954N) related to the BSE Illiquid Stock Options matter. It has no broad market impact but represents ongoing SEBI enforcement in this case.