Description
SEBI enforcement order regarding recovery proceedings against Paritosh Saha HUF for illiquid stock options trading violations at BSE.
Summary
SEBI has issued a remittance order for recovery (Certificate No. 8777 of 2025) against Paritosh Saha HUF in connection with violations related to dealing in illiquid stock options at BSE. This enforcement action represents SEBI’s continued efforts to ensure market integrity and compliance with securities regulations.
Key Points
- Recovery certificate issued against Paritosh Saha HUF
- Violation relates to illiquid stock options trading at BSE
- Certificate Number: 8777 of 2025
- Document issued on August 6, 2025
Regulatory Changes
This order does not introduce new regulations but represents enforcement of existing rules regarding market manipulation and illiquid securities trading.
Compliance Requirements
- Market participants must ensure compliance with regulations regarding illiquid securities trading
- Proper due diligence required when dealing in options contracts
- Adherence to BSE trading rules and SEBI guidelines mandatory
Important Dates
- Order Date: August 6, 2025
- Recovery Certificate Number: 8777 of 2025
Impact Assessment
This enforcement action serves as a warning to market participants about the consequences of non-compliance with securities regulations. The recovery order demonstrates SEBI’s commitment to maintaining market integrity and protecting investor interests. Market participants should review their trading practices, particularly in illiquid securities and options segments.
Impact Justification
Enforcement action with recovery order indicates serious regulatory violation requiring compliance attention