Description
SEBI cancels Recovery Certificate No. 7315 of 2023 dated November 02, 2023 issued against Gopal Hari Agarwal (PAN: AETPA7820D) in the matter of Trading in Illiquid Stock Options on BSE.
Summary
SEBI has cancelled Recovery Certificate No. 7315 of 2023 dated November 02, 2023 that was issued against Gopal Hari Agarwal (PAN: AETPA7820D), who was designated as a defaulter in connection with trading in illiquid stock options on the Bombay Stock Exchange (BSE).
Key Points
- Recovery Certificate No. 7315 of 2023 dated November 02, 2023 has been cancelled
- The certificate was issued against Gopal Hari Agarwal (PAN: AETPA7820D)
- The matter relates to trading in illiquid stock options on BSE
- This is an administrative action reversing a previous enforcement measure
Regulatory Changes
No new regulatory changes. This is a cancellation of a previously issued recovery certificate.
Compliance Requirements
No specific compliance requirements for market participants. This is an administrative action specific to an individual case.
Important Dates
- Original Recovery Certificate Date: November 02, 2023
- Cancellation Order Date: January 08, 2026
Impact Assessment
This cancellation has minimal market impact as it pertains to a specific enforcement action against an individual. The reversal of the recovery certificate suggests either completion of recovery proceedings, settlement of dues, or other resolution of the matter related to illiquid stock options trading on BSE.
Impact Justification
Administrative cancellation of a recovery certificate against an individual defaulter. Limited market-wide impact as it relates to specific enforcement action reversal.