Description
SEBI releases recovery order for defaulter Gopal Hari Agarwal (PAN: AETPA7820D) in the matter of trading in illiquid stock options on BSE, under Certificate No. 7315 of 2023.
Summary
SEBI has issued a release order for Gopal Hari Agarwal (PAN: AETPA7820D), a defaulter in the matter of trading in illiquid stock options on the Bombay Stock Exchange (BSE). This order relates to Recovery Certificate No. 7315 of 2023.
Key Points
- Release order issued for defaulter Gopal Hari Agarwal
- PAN: AETPA7820D
- Matter relates to trading in illiquid stock options on BSE
- Associated with Recovery Certificate No. 7315 of 2023
- Order issued in January 2026
Regulatory Changes
No new regulatory changes introduced. This is an enforcement action related to existing regulations on trading in illiquid stock options.
Compliance Requirements
This is a release order indicating resolution of recovery proceedings. No additional compliance requirements for market participants.
Important Dates
- Order Date: January 8, 2026
- Original Recovery Certificate: No. 7315 of 2023
Impact Assessment
Market Impact: Low to Medium - This is an individual enforcement case related to illiquid stock options trading practices.
Regulatory Impact: Medium - Demonstrates SEBI’s continued enforcement of trading regulations and recovery proceedings for defaults in options trading.
Operational Impact: Low - Limited impact on broader market operations. Relevant primarily for enforcement tracking and regulatory compliance records.
Impact Justification
Recovery certificate release order for an individual defaulter in illiquid stock options trading. Significant for enforcement tracking but limited broader market impact.