Description
SEBI issues General Remittance Order for recovery proceedings against Bhargav Ranchhodlal Panchal under Recovery Certificate No. 424 of 2014 in connection with IPO irregularities.
Summary
SEBI has issued a General Remittance Order dated January 6, 2026, under Recovery Certificate No. 424 of 2014 against Bhargav Ranchhodlal Panchal (PAN: AFUPP7738M) in connection with IPO irregularities. The order is issued under reference number HO/50/11/11(9)2026-RRD-TPD-RD3 and internal reference I/1938/2026.
Key Points
- Recovery Certificate No. 424 of 2014 issued against Bhargav Ranchhodlal Panchal
- PAN of the individual: AFUPP7738M
- Matter relates to IPO irregularities
- General Remittance Order issued on January 6, 2026
- Reference numbers: HO/50/11/11(9)2026-RRD-TPD-RD3 and I/1938/2026
Regulatory Changes
No new regulatory changes introduced. This is an enforcement action related to existing regulations.
Compliance Requirements
This order pertains to recovery proceedings against a specific individual. Compliance requirements are applicable to the named individual and entities involved in the recovery process.
Important Dates
- Order Date: January 6, 2026
- Original Recovery Certificate: 424 of 2014
Impact Assessment
This is an individual enforcement action with minimal market-wide impact. The order is part of SEBI’s ongoing recovery proceedings related to historical IPO irregularities from 2014. Market participants are not directly affected unless they have specific dealings with the named individual.
Impact Justification
Individual enforcement action with limited market-wide impact; specific recovery proceedings against one individual for historical IPO irregularities