Description

SEBI has issued a Notice of Demand under Recovery Certificate No. 9107 of 2026 dated May 11, 2026 against Ashok Kumar Gupta & Sons HUF (PAN: AAOHA5520P) in the matter of dealings in Illiquid Stock Options on BSE.

Summary

SEBI has issued a Notice of Demand under Recovery Certificate No. 9107 of 2026 dated May 11, 2026 against Ashok Kumar Gupta & Sons HUF (PAN: AAOHA5520P), a defaulter in the matter of dealings in Illiquid Stock Options on BSE. This notice directs the defaulter to pay the outstanding dues as specified under the recovery certificate.

Key Points

  • Recovery Certificate No. 9107 of 2026 issued on May 11, 2026
  • Defaulter: Ashok Kumar Gupta & Sons HUF (PAN: AAOHA5520P)
  • Matter relates to dealings in Illiquid Stock Options on BSE
  • Notice of Demand issued under SEBI’s recovery proceedings
  • Action taken under SEBI’s enforcement and recovery powers

Regulatory Changes

No new regulatory changes introduced. This is an enforcement action under existing SEBI recovery and demand notice provisions applicable to defaulters in securities market violations.

Compliance Requirements

  • The defaulter (Ashok Kumar Gupta & Sons HUF) is required to pay the outstanding amount specified in Recovery Certificate No. 9107 of 2026
  • Payment must be made as directed in the notice of demand
  • Non-compliance may result in further recovery actions by SEBI under applicable regulations

Important Dates

  • Recovery Certificate Date: May 11, 2026
  • Notice of Demand Date: May 11, 2026

Impact Assessment

This notice has no broader market impact. It is a targeted enforcement action against a single defaulter entity — Ashok Kumar Gupta & Sons HUF — concerning past dealings in illiquid stock options on BSE. The action is part of SEBI’s ongoing efforts to recover dues from entities found to have violated securities market norms in illiquid stock options trading, a segment that has been subject to significant regulatory scrutiny.

Impact Justification

This is a targeted enforcement action against a single defaulter entity (HUF) for dealings in illiquid stock options on BSE. While legally significant for the named defaulter, it has no broader market impact and is a routine recovery proceeding.