Description
SEBI compliance order issuing remittance order for recovery certificate against Prabir Saha in matter of dealing in illiquid stocks options at BSE
Summary
SEBI has issued a compliance order containing a remittance order for Recovery Certificate No. 8776 of 2025 against Prabir Saha in connection with dealing in illiquid stocks options at BSE. This represents enforcement action for regulatory violations related to options trading in illiquid securities.
Key Points
- Recovery Certificate No. 8776 of 2025 issued against Prabir Saha
- Case relates to dealing in illiquid stocks options at BSE
- Remittance order issued for compliance and recovery purposes
- Part of SEBI’s enforcement proceedings for market violations
Regulatory Changes
No new regulatory changes introduced. This is an enforcement action under existing regulations governing options trading and market conduct.
Compliance Requirements
- Subject individual must comply with recovery certificate requirements
- Payment of penalties/disgorgement as specified in the recovery certificate
- Adherence to any additional compliance measures imposed by SEBI
Important Dates
- Order Date: August 12, 2025
- Recovery Certificate No.: 8776 of 2025
- Compliance deadlines as specified in the detailed order
Impact Assessment
Medium impact enforcement action targeting individual violations in illiquid options trading. Demonstrates SEBI’s continued focus on market integrity and proper conduct in derivatives trading, particularly in less liquid securities where manipulation risks are higher.
Impact Justification
Enforcement action for illiquid stock options violations with recovery proceedings