Description
SEBI recovery notice to DAKSH SHARE BROKERS PRIVATE LIMITED for dealing in Illiquid Stock Options at BSE
Summary
SEBI has issued a Notice of Demand under Recovery Certificate number 8880 of 2025 dated August 29, 2025, to DAKSH SHARE BROKERS PRIVATE LIMITED (PAN: AACCD9973A) in connection with dealing in Illiquid Stock Options at BSE. This is an enforcement action for regulatory violations.
Key Points
- Recovery Certificate No. 8880 of 2025 issued on August 29, 2025
- Entity: DAKSH SHARE BROKERS PRIVATE LIMITED
- PAN: AACCD9973A
- Matter relates to dealing in Illiquid Stock Options at BSE
- Formal demand notice for recovery proceedings
Regulatory Changes
No new regulatory changes announced. This is an enforcement action under existing regulations governing trading in illiquid stock options.
Compliance Requirements
The defaulter entity must comply with the recovery demand as specified in the certificate. This typically involves payment of penalties and adherence to any additional directives issued by SEBI.
Important Dates
- August 29, 2025: Recovery Certificate issued
- Payment and compliance deadlines as specified in the notice
Impact Assessment
This enforcement action impacts DAKSH SHARE BROKERS PRIVATE LIMITED directly and serves as a warning to other market participants regarding compliance with regulations on illiquid stock options trading. May affect the entity’s trading privileges and reputation in the market.
Impact Justification
Recovery certificate indicates serious enforcement action for non-compliance with regulations regarding illiquid stock options trading