Description
SEBI notice for attachment of bank and demat accounts of defaulter Mukesh Agarwal (PAN: ABMPA4370L) in illiquid stock options trading case at BSE under Recovery Certificate No. 8788 of 2025.
Summary
SEBI has issued a notice for attachment of bank accounts and demat accounts (numbers 14804 & 14805 of 2025) against Mukesh Agarwal, who has been declared a defaulter with PAN: ABMPA4370L. This enforcement action is related to illiquid stock options trading violations at BSE and falls under Recovery Certificate No. 8788 of 2025.
Key Points
- Defaulter: Mukesh Agarwal (PAN: ABMPA4370L)
- Violation: Dealing in illiquid stock options at BSE
- Recovery Certificate No.: 8788 of 2025
- Attachment numbers: 14804 & 14805 of 2025
- Notice date: July 28, 2025
Regulatory Changes
No specific regulatory changes announced. This is an enforcement action under existing regulations governing illiquid stock options trading.
Compliance Requirements
- Banks and depositories must comply with the attachment orders
- The defaulter’s accounts are frozen pending recovery proceedings
- All relevant parties must cooperate with SEBI’s recovery process
Important Dates
- Notice Date: July 28, 2025
- Recovery Certificate Date: 2025 (specific date in certificate)
Impact Assessment
This enforcement action demonstrates SEBI’s continued focus on curbing irregularities in illiquid stock options trading. While the impact is limited to the specific defaulter, it serves as a deterrent for similar violations and reinforces regulatory oversight in derivatives trading.
Impact Justification
High importance due to enforcement action and asset attachment; medium impact as it affects specific individual rather than market-wide operations