Description
SEBI has provided partial relief to Rajiv Kapoor after compliance with impounding directions, while maintaining remaining compliance requirements.
Summary
SEBI has provided partial relief to Rajiv Kapoor (PAN: ARSPK9663Q) in connection with the enforcement action related to recommendations given by Sanjiv Bhasin in media channels and social media platforms. After Kapoor complied with the impounding directions under Para 149(i) of the SEBI order, several restrictions have been lifted, though he must still comply with Para 149(x).
Key Points
- Rajiv Kapoor has complied with SEBI’s impounding amount directions under Para 149(i)
- SEBI has lifted restrictions under clauses (ii), (iv), (v), (vi), (vii) and (viii) of the original order
- Kapoor must still comply with directions under Para 149(x) of the SEBI order
- This relates to the broader enforcement action against Sanjiv Bhasin’s media recommendations
Regulatory Changes
Partial modification of existing SEBI enforcement order - certain trading and dealing restrictions have been lifted for Rajiv Kapoor following his compliance with impounding requirements.
Compliance Requirements
- Rajiv Kapoor must continue to comply with Para 149(x) of the SEBI order
- NSE members must take note of the updated status and ensure compliance
- Members should refer to the consolidated list of debarred entities on NSE website
Important Dates
- Original SEBI order: June 17, 2025
- Compliance update communicated: August 25, 2025
Impact Assessment
Limited impact as this affects a specific individual’s compliance status. The partial relief indicates SEBI’s enforcement process is functioning as intended, with restrictions being lifted upon compliance with specific requirements. Market participants should note the precedent for compliance-based relief in enforcement matters.
Impact Justification
Individual compliance matter with limited market-wide impact