Description

SEBI has issued a Notice of Demand under Recovery Certificate No. 9075 of 2026 against Ranjeet Singh Baid HUF (PAN: AAPHR3293F) for non-payment of dues arising from the matter of Illiquid Stock Options.

Summary

SEBI has issued a Notice of Demand under Recovery Certificate (RC) No. 9075 of 2026 against Ranjeet Singh Baid HUF (PAN: AAPHR3293F) in the matter of Illiquid Stock Options. This notice demands payment of outstanding dues arising from a prior SEBI enforcement order that has not been complied with, triggering the recovery certificate mechanism.

Key Points

  • Recovery Certificate No. RC9075 of 2026 issued against Ranjeet Singh Baid HUF
  • PAN of the entity: AAPHR3293F
  • The matter pertains to Illiquid Stock Options segment violations
  • Notice of Demand issued pursuant to non-payment of amounts directed in a prior SEBI order
  • SEBI is invoking recovery proceedings under Section 28A of the SEBI Act, 1992

Regulatory Changes

No new regulatory changes. This is an enforcement/recovery action under existing provisions of the SEBI Act, 1992 (Section 28A) for recovery of dues from a defaulting entity.

Compliance Requirements

  • Ranjeet Singh Baid HUF is required to pay the outstanding dues specified in the recovery certificate immediately upon receipt of this notice
  • Failure to comply may result in attachment of assets, bank accounts, or other recovery measures by SEBI
  • The noticee should contact SEBI or the relevant authority to settle the outstanding demand

Important Dates

  • Date of Notice: March 25, 2026
  • Recovery Certificate No.: RC9075 of 2026
  • Payment deadline: As specified in the notice (typically within 15-30 days of receipt)

Impact Assessment

This is an entity-specific enforcement action with no direct impact on broader markets or other market participants. The notice targets a single Hindu Undivided Family (HUF) entity involved in illiquid stock options violations. The illiquid stock options matter is part of SEBI’s ongoing crackdown on manipulation in the illiquid options segment of stock exchanges. Impact is limited to the named entity and its financial obligations to SEBI.

Impact Justification

Entity-specific enforcement action targeting a single HUF entity for dues recovery related to illiquid stock options manipulation; no broader market or systemic impact.