Description
SEBI's General Remittance Order RC-8892 concerning trading activities of Shivprasad Pattiya in stock options based out of Betul Indore.
Summary
SEBI has issued General Remittance Order RC-8892 against Shivprasad Pattiya in connection with trading activities of a certain group of clients in stock options based out of Betul and Indore. This order is part of SEBI’s enforcement mechanism for recovery of dues from entities found in violation of securities regulations.
Key Points
- Recovery Certificate No: RC-8892
- Entity: Shivprasad Pattiya
- Type: General Remittance Order
- Location: Betul, Indore
- Subject Matter: Trading activities of certain group of clients in stock options
- This is an enforcement action document for recovery proceedings
Regulatory Changes
This is an enforcement order rather than a regulatory change. It represents SEBI’s action to recover dues from entities involved in violations related to trading activities in stock options.
Compliance Requirements
The entity named in the order (Shivprasad Pattiya) is required to:
- Comply with the remittance order
- Pay the amounts specified in the recovery certificate
- Cooperate with SEBI’s recovery proceedings
Important Dates
- Order Date: February 6, 2026
- Document Reference: RC-8892
Impact Assessment
Market Impact: High - This order is part of SEBI’s ongoing enforcement actions against irregular trading activities in derivatives segment, particularly stock options. Such actions signal regulatory scrutiny on coordinated trading patterns.
Operational Impact: High - The issuance of a recovery certificate indicates that previous orders or penalties have led to recovery proceedings, suggesting non-compliance or inability to pay.
Regulatory Significance: This order is part of a series of enforcement actions by SEBI against entities involved in manipulative or fraudulent trading activities in the options segment, demonstrating the regulator’s commitment to maintaining market integrity.
Impact Justification
General Remittance Order indicates enforcement action against trading violations in stock options, suggesting serious regulatory breaches requiring recovery proceedings