Description
SEBI remittance advice for recovery proceedings against Ram Kumar Agarwal HUF (PAN: AAOHR7338L) under Recovery Certificate No. 8131 of 2024 related to trading in illiquid stock options at BSE.
Summary
SEBI has issued a remittance advice under Recovery Certificate No. 8131 of 2024 against Ram Kumar Agarwal HUF (PAN: AAOHR7338L) in connection with trading violations involving illiquid stock options at the Bombay Stock Exchange (BSE). This document pertains to ongoing recovery proceedings for amounts due from the defaulter.
Key Points
- Defaulter identified as Ram Kumar Agarwal HUF with PAN: AAOHR7338L
- Recovery proceedings initiated under Recovery Certificate No. 8131 of 2024
- Matter relates to trading in illiquid stock options at BSE
- Remittance advice issued for collection of dues
- Enforcement action under SEBI’s recovery framework
Regulatory Changes
No regulatory changes. This is an enforcement and recovery action against a specific entity.
Compliance Requirements
Ram Kumar Agarwal HUF is required to remit the outstanding amounts as specified in the recovery certificate. Non-compliance may lead to further enforcement measures including attachment of assets and other recovery actions available under applicable laws.
Important Dates
- Document Date: January 23, 2026
- Recovery Certificate No.: 8131 of 2024
Impact Assessment
Market Impact: Minimal. This is an entity-specific recovery action with no direct impact on market operations or broader regulatory framework.
Operational Impact: Affects only the named defaulter (Ram Kumar Agarwal HUF) who must comply with recovery demands. Demonstrates SEBI’s continued enforcement of penalties and recovery of dues from entities involved in illiquid stock option manipulation cases.
Impact Justification
Recovery action against individual entity for past trading violations; limited market-wide impact but significant for enforcement precedent