Description
SEBI releases order confirming completion of Recovery Certificate No. 8884 of 2025 issued against Abhinesh Kumar (PAN: AGWPK6944M) in the matter of Initial Selling Obligation (ISO) at BSE.
Summary
SEBI has issued a release order dated December 19, 2025, confirming the completion of Recovery Certificate No. 8884 of 2025. The recovery certificate was issued against Abhinesh Kumar (PAN: AGWPK6944M) in the matter of Initial Selling Obligation (ISO) at BSE. The completion of the recovery certificate indicates that the enforcement proceedings have been concluded.
Key Points
- Recovery Certificate No. 8884 of 2025 has been completed
- Order issued against Abhinesh Kumar (PAN: AGWPK6944M)
- Matter relates to Initial Selling Obligation (ISO) violations at BSE
- Release order dated December 19, 2025
- Enforcement proceedings concluded
Regulatory Changes
No new regulatory changes introduced. This is an enforcement completion notice.
Compliance Requirements
No new compliance requirements. The release order signifies that recovery proceedings have been completed for the specified individual.
Important Dates
- Order Date: December 19, 2025
- Recovery Certificate Completion: Certificate No. 8884 of 2025 completed
Impact Assessment
Market Impact: Low - This is an individual enforcement matter with no broader market implications.
Operational Impact: Low - The completion of recovery certificate affects only the individual named in the order. No operational changes required for market participants.
Regulatory Context: This release order is part of SEBI’s ongoing enforcement actions related to Initial Selling Obligation violations at BSE. The completion of recovery proceedings indicates that the matter has been resolved through the enforcement mechanism.
Impact Justification
Release order indicating completion of recovery proceedings against individual entity for ISO violation; limited market-wide impact