Description

SEBI issues Recovery Certificate No. RC8692 of 2025 under A.P. Nos. 15286 & 15291 of 2026 against Anish Hemani HUF (PAN: AAIHA3874N) for recovery of penalty imposed in the matter of trading in Illiquid Stock Options on BSE.

Summary

SEBI has issued Recovery Certificate No. RC8692 of 2025 under Attachment Proceedings (A.P. Nos. 15286 & 15291 of 2026) against Anish Hemani HUF (PAN: AAIHA3874N). This is a notice of demand requiring the named HUF entity to pay outstanding dues arising from an adjudication/enforcement order related to trading in Illiquid Stock Options on BSE.

Key Points

  • Recovery Certificate No. RC8692 of 2025 issued against Anish Hemani HUF (PAN: AAIHA3874N)
  • Attachment Proceedings initiated under A.P. Nos. 15286 & 15291 of 2026
  • The matter pertains to alleged violations in connection with trading in Illiquid Stock Options on BSE
  • This is part of SEBI’s broader enforcement drive against manipulative trading in illiquid stock options
  • The Recovery Certificate enables SEBI to recover dues as arrears of land revenue under applicable provisions
  • Anish Hemani HUF is a Hindu Undivided Family entity subject to SEBI’s recovery proceedings

Regulatory Changes

No new regulatory changes introduced. This is an enforcement action under existing SEBI (Recovery of Amounts) Regulations and powers under the SEBI Act, 1992.

Compliance Requirements

  • Anish Hemani HUF is required to pay the outstanding penalty or disgorgement amount specified in the Recovery Certificate within the stipulated timeframe
  • Failure to comply may result in attachment and sale of assets under SEBI’s recovery powers
  • Banks, financial institutions, or third parties holding assets of the defaulter may be bound by the attachment proceedings
  • The named entity should contact SEBI’s recovery department to resolve outstanding dues promptly

Important Dates

  • Recovery Certificate RC8692 originally issued: 2025
  • Attachment Proceedings A.P. Nos. 15286 & 15291 filed: 2026
  • Document published: April 21, 2026
  • Payment deadline: As specified in the RC notice (typically 15–30 days from issuance)

Impact Assessment

This is an individual entity-level enforcement order with no direct broader market impact. It reflects SEBI’s continued enforcement of penalties arising from the Illiquid Stock Options manipulation cases on BSE — a long-running enforcement campaign that has resulted in numerous recovery proceedings against individuals and entities found to have engaged in non-genuine trades in illiquid options segments. General investors and market participants are not affected. Impact is confined to Anish Hemani HUF and potentially related family members or entities.

Impact Justification

Individual enforcement action for recovery of penalty against a HUF entity in the Illiquid Stock Options matter; no broad market impact but reflects SEBI's continued enforcement activity against manipulative options trading participants