Description
SEBI remittance advice for recovery proceedings against Dharmvir Singh (PAN: DSVPS1071K) for trading in illiquid stock options on BSE under Recovery Certificate No. 8619 of 2025.
Summary
SEBI has issued a remittance advice for recovery proceedings against Dharmvir Singh (PAN: DSVPS1071K) under Recovery Certificate No. 8619 of 2025. This enforcement action relates to violations involving trading in illiquid stock options on the Bombay Stock Exchange (BSE). The document serves as official notice of recovery proceedings initiated against the defaulter.
Key Points
- Defaulter: Dharmvir Singh (PAN: DSVPS1071K)
- Recovery Certificate No.: 8619 of 2025
- Nature of Violation: Trading in illiquid stock options on BSE
- Exchange: Bombay Stock Exchange (BSE)
- Document Type: Remittance Advice for recovery proceedings
Regulatory Changes
No new regulatory changes. This is an enforcement action under existing SEBI regulations governing trading practices and market manipulation.
Compliance Requirements
This remittance advice is part of SEBI’s enforcement and recovery process. The defaulter is required to comply with the recovery certificate issued by SEBI for outstanding dues related to the trading violations.
Important Dates
- Document Date: January 15, 2026
- Recovery Certificate No.: 8619 of 2025
Impact Assessment
This is an individual enforcement action with limited market-wide impact. The action demonstrates SEBI’s continued vigilance in monitoring and penalizing trading violations, particularly in illiquid stock options where manipulation is more likely. Market participants should be aware that SEBI actively pursues recovery proceedings against defaulters involved in market manipulation and trading violations.
Impact Justification
Individual enforcement action for trading violations in illiquid stock options; high severity for the individual defaulter but low market-wide impact