Description
SEBI communication regarding SAT order directing Sanjiv Bhasin to deposit Rs. 1 Crore for account unfreezing following earlier trading restrictions.
Summary
SEBI has communicated the lifting of trading/demat account restrictions on Sanjiv Bhasin following compliance with Securities Appellate Tribunal (SAT) order dated August 1, 2025. The SAT directed Bhasin to deposit Rs. 1 Crore in a fixed deposit with lien in favor of SEBI, after which frozen accounts would be released.
Key Points
- Sanjiv Bhasin (PAN: AAXPB9978P) was previously restrained from accessing securities market per SEBI order dated June 17, 2025
- SAT order dated August 1, 2025 allowed account unfreezing upon deposit of Rs. 1 Crore with lien mark in favor of SEBI
- SEBI has confirmed Bhasin’s compliance with SAT direction
- Trading/demat accounts have been de-frozen as directed
- Original restrictions included prohibition from buying, selling or dealing in securities directly or indirectly
Regulatory Changes
Lifting of trading restrictions and account freeze for Sanjiv Bhasin following SAT order compliance.
Compliance Requirements
- Members advised to take note of the updated status
- Consolidated list of debarred entities available on NSE website: https://www.nseindia.com/regulations/member-sebi-debarred-entities
- Members must ensure ongoing compliance with updated entity status
Important Dates
- June 17, 2025: Original SEBI restraint order
- August 1, 2025: SAT order directing deposit
- August 14, 2025: SEBI communication of compliance and account unfreezing
Impact Assessment
Limited impact as this relates to individual entity compliance. Demonstrates regulatory appeal process and conditional relief mechanisms available through SAT for market participants facing SEBI restrictions.
Impact Justification
Individual entity compliance matter with regulatory follow-up, limited broader market impact