SEBI Order for Compliance – Corrigendum to Release Order for Recovery Certificate No. 8728 of 2025 against Bhogilal Kubadia

Published: July 28, 2025

Processed: July 28, 2025

SEBI Compliance recovery-certificate compliance

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Description

SEBI releases a corrigendum correcting details in a release order for recovery certificate related to Bhogilal Kubadia in a matter concerning illiquid stock options at BSE.

Summary

SEBI has issued a corrigendum to correct details in the release order for Recovery Certificate No. 8728 of 2025 against Bhogilal Kubadia (legal heirs and husband of Vimlaben Kubadia) in the matter of illiquid stock options at BSE.

Key Points

Corrigendum issued for Recovery Certificate No. 8728 of 2025
Related to Bhogilal Kubadia and legal heirs of Vimlaben Kubadia
Matter concerns illiquid stock options at BSE
Administrative correction to existing enforcement proceedings

Regulatory Changes

No regulatory changes - administrative correction only.

Compliance Requirements

No new compliance requirements introduced.

Important Dates

Specific dates not clearly visible in the available content.

Impact Assessment

Minimal market impact as this is an administrative correction to existing recovery proceedings related to a specific individual case.

Category	Compliance
Circular ID	`36691f37dfb19f2e`
Impact	Low
Severity	Medium
Tags	recovery-certificate compliance BSE stock-options enforcement
Source	SEBI
Links	PDF Document ↗ Original Source ↗ Permalink