Description
SEBI cancels Recovery Certificate No. 7212 of 2023 dated October 05, 2023 issued against Hem Chand Gupta for illiquid stock options trading violations on BSE.
Summary
SEBI has cancelled Recovery Certificate No. 7212 of 2023 dated October 05, 2023 that was issued against Hem Chand Gupta (PAN: AAKPG2688Q) in connection with trading violations involving illiquid stock options on BSE.
Key Points
- Recovery Certificate No. 7212 of 2023 has been cancelled
- Originally issued on October 05, 2023
- Pertains to defaulter Hem Chand Gupta (PAN: AAKPG2688Q)
- Related to illiquid stock options trading on BSE
- Cancellation announced on August 08, 2025
Regulatory Changes
Cancellation of the recovery certificate effectively removes the outstanding recovery proceedings against the named individual.
Compliance Requirements
No specific compliance requirements for market participants as this is a case-specific cancellation.
Important Dates
- Original Certificate Date: October 05, 2023
- Cancellation Date: August 08, 2025
Impact Assessment
This cancellation has minimal market impact as it pertains to individual enforcement proceedings. The cancellation suggests either successful recovery of dues or resolution of the matter through other means.
Impact Justification
Recovery certificate cancellation affects specific individual but has limited broader market impact