Notice of Demand under Recovery Certificate - Manish Kumar Kanodia HUF

Published: August 29, 2025

Processed: September 2, 2025

SEBI Compliance recovery-notice illiquid-options

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Description

SEBI recovery notice issued to Manish Kumar Kanodia HUF for dealing in illiquid stock options at BSE

Summary

SEBI has issued a Notice of Demand under Recovery Certificate number 8833 of 2025 dated August 29, 2025 to Manish Kumar Kanodia HUF (PAN: AANHM2862D) in connection with dealing in illiquid stock options at BSE.

Key Points

Recovery Certificate No. 8833 of 2025 issued
Defaulter: Manish Kumar Kanodia HUF
PAN: AANHM2862D
Matter relates to dealing in illiquid stock options at BSE
Notice dated August 29, 2025

Regulatory Changes

No regulatory changes announced. This is an enforcement action under existing regulations.

Compliance Requirements

The named defaulter must comply with the recovery demand as specified in the certificate. This serves as a public notice of the enforcement action.

Important Dates

August 29, 2025: Recovery Certificate issued

Impact Assessment

Limited market impact as this is an individual enforcement action. Serves as a deterrent for violations related to trading in illiquid stock options.

Category	Compliance
Circular ID	`6d2f90b8c7ef1968`
Impact	Low
Severity	High
Tags	recovery-notice illiquid-options bse enforcement defaulter
Source	SEBI
Links	PDF Document ↗ Original Source ↗ Permalink