Description
SEBI remittance advice issued against Indra Deo Tripathi HUF (PAN: AAAHI6088L) under Recovery Certificate No. 8065 of 2024 for trading in illiquid stock options at BSE.
Summary
SEBI has issued a remittance advice against Indra Deo Tripathi HUF (PAN: AAAHI6088L) under Recovery Certificate No. 8065 of 2024. This enforcement action relates to trading activities in illiquid stock options at the Bombay Stock Exchange (BSE). The entity has been designated as a defaulter in this matter.
Key Points
- Entity: Indra Deo Tripathi HUF
- PAN: AAAHI6088L
- Recovery Certificate No.: 8065 of 2024
- Violation: Trading in illiquid stock options
- Exchange: BSE (Bombay Stock Exchange)
- Status: Defaulter
Regulatory Action
SEBI has initiated recovery proceedings through issuance of Recovery Certificate No. 8065 of 2024. This remittance advice is part of the enforcement mechanism to recover dues or penalties from the defaulter entity. Trading in illiquid stock options can be used for market manipulation or creating artificial volumes.
Compliance Requirements
This is an enforcement action against a specific entity. Market participants should:
- Avoid trading in illiquid stock options for manipulative purposes
- Ensure compliance with SEBI regulations on options trading
- Be aware that SEBI actively monitors and takes action against manipulation in illiquid securities
Important Dates
- Document Date: January 22, 2026
- Recovery Certificate Issue: 2024
Impact Assessment
This is an individual enforcement action with no direct market-wide implications. The action demonstrates SEBI’s continued vigilance in monitoring and taking action against manipulative trading practices in illiquid securities. Market participants engaged in legitimate options trading activities are not affected by this specific action.
Impact Justification
Individual enforcement action against a specific defaulter. High severity for the entity involved but minimal market-wide impact.