Description
SEBI issues general remittance order for compliance in recovery case RC No. 1514 of 2018 against Bankesh Bhavsar (PAN: AFAPB3386D).
Summary
SEBI has issued a general remittance order for compliance in Recovery Certificate No. 1514 of 2018 against Bankesh Bhavsar (PAN: AFAPB3386D). This order pertains to enforcement and recovery proceedings initiated by SEBI.
Key Points
- Recovery Certificate No.: RC No. 1514 of 2018
- Person/Entity: Bankesh Bhavsar
- PAN: AFAPB3386D
- Order Type: General Remittance Order for Compliance
- Issuing Authority: Securities and Exchange Board of India (SEBI)
Regulatory Changes
No new regulatory changes. This is an enforcement action under existing SEBI regulations.
Compliance Requirements
The named individual, Bankesh Bhavsar, is required to comply with the terms specified in the general remittance order issued under Recovery Certificate No. 1514 of 2018. Specific compliance obligations and payment terms would be detailed in the full order document.
Important Dates
- Order Date: October 15, 2025
- Recovery Case: RC No. 1514 of 2018
Impact Assessment
This order has limited market impact as it is specific to enforcement proceedings against an individual. The general remittance order is part of SEBI’s recovery mechanism for outstanding dues in the specified recovery case. Market participants are not directly affected, though this demonstrates SEBI’s continued enforcement of compliance obligations.
Impact Justification
Medium importance as this is an enforcement action against a specific individual under a recovery certificate. Low market impact as it affects only the named individual and does not have broader market implications.