Description
SEBI recovery order against Sudhir Agarwal HUF for dealing in illiquid stock options at BSE.
Summary
SEBI issued a General Remittance Order dated September 9, 2025, in Recovery Certificate No. 8830 of 2025 against Sudhir Agarwal HUF (PAN: AATHS4550C) for dealing in illiquid stock options at the Bombay Stock Exchange (BSE).
Key Points
- Recovery Certificate No. 8830 of 2025 issued against Sudhir Agarwal HUF
- PAN: AATHS4550C
- Violation relates to dealing in illiquid stock options at BSE
- General Remittance Order dated September 9, 2025
Regulatory Changes
No new regulatory changes introduced. This is an enforcement action under existing regulations.
Compliance Requirements
- Entity subject to recovery proceedings must comply with the remittance order
- All market participants should ensure compliance with regulations regarding illiquid stock options trading
Important Dates
- September 9, 2025: Date of General Remittance Order
Impact Assessment
This enforcement action targets a specific entity for violations related to illiquid stock options trading. The impact is primarily on the named entity, with broader implications for market participants engaged in options trading to ensure compliance with SEBI regulations regarding liquidity requirements and trading practices.
Impact Justification
Recovery order for specific entity dealing in illiquid options, limited broader market impact