Description
SEBI issues completion order for recovery certificate against Bhavika Parimal Shah in matter of dealing in illiquid stock options at BSE.
Summary
SEBI has issued a completion order for Recovery Certificate No. 8747 of 2025 against Bhavika Parimal Shah in connection with dealing in illiquid stock options at the Bombay Stock Exchange (BSE). This order marks the conclusion of recovery proceedings initiated against the individual for violations related to trading in illiquid stock options.
Key Points
- Recovery Certificate No. 8747 of 2025 issued against Bhavika Parimal Shah
- Matter relates to dealing in illiquid stock options at BSE
- Completion order indicates conclusion of recovery proceedings
- Enforcement action taken by SEBI for trading violations
Regulatory Changes
No new regulatory changes introduced. This is an enforcement order related to existing regulations on trading in illiquid stock options.
Compliance Requirements
- Bhavika Parimal Shah required to comply with the recovery certificate terms
- Market participants should avoid engaging in manipulative practices involving illiquid stock options
- Entities must ensure adherence to SEBI regulations on trading practices
Important Dates
- Recovery Certificate No.: 8747 of 2025
- Order Date: December 10, 2025
Impact Assessment
This completion order has limited direct market impact as it pertains to individual enforcement action. However, it demonstrates SEBI’s continued vigilance in monitoring and taking action against manipulative trading practices in illiquid stock options. The order serves as a deterrent for similar violations and reinforces regulatory compliance expectations for all market participants.
Impact Justification
Recovery completion order indicates enforcement action concluded against individual trader for illiquid stock options violations; limited market-wide impact but significant for regulatory compliance tracking