Description

SEBI issued a Notice of Demand under Recovery Certificate No. 9108 of 2026 dated May 12, 2026, to Rajesh Kapoor (PAN: AAJPK2039A) for irregularities in dealings in Illiquid Stock Options on BSE.

Summary

SEBI issued a Notice of Demand under Recovery Certificate No. 9108 of 2026 dated May 12, 2026, addressed to Rajesh Kapoor (PAN: AAJPK2039A), who has been identified as a defaulter in the matter of dealings in Illiquid Stock Options on the Bombay Stock Exchange (BSE). This notice demands recovery of dues as determined by SEBI pursuant to its enforcement proceedings.

Key Points

  • Recovery Certificate No. 9108 of 2026 dated May 12, 2026
  • Defaulter: Rajesh Kapoor (PAN: AAJPK2039A)
  • Matter pertains to irregularities in dealings in Illiquid Stock Options on BSE
  • SEBI has initiated recovery proceedings under the relevant provisions of the SEBI Act
  • The notice requires the defaulter to pay the demanded amount within the specified timeline

Regulatory Changes

No new regulatory changes introduced. This is an enforcement action under existing SEBI recovery and penalty mechanisms.

Compliance Requirements

  • The defaulter (Rajesh Kapoor) is required to pay the outstanding dues as specified in the Recovery Certificate
  • Non-compliance may lead to further enforcement action including attachment of assets
  • The defaulter may approach SEBI or the appropriate forum to contest the recovery if grounds exist

Important Dates

  • Recovery Certificate Date: May 12, 2026
  • Notice of Demand Issue Date: May 12, 2026

Impact Assessment

This enforcement action is specific to the named individual and has no direct impact on broader market participants or trading operations. It reflects SEBI’s continued enforcement against irregularities in the Illiquid Stock Options segment on BSE, which has been under regulatory scrutiny. Market-wide impact is negligible.

Impact Justification

This is an individual enforcement action against a specific defaulter for illiquid stock options dealings on BSE. It has no broader market impact but is significant for the named individual.