Now Reading: SEBI issues recovery order against Rupee Services for illiquid options
-
01
SEBI issues recovery order against Rupee Services for illiquid options
SEBI has issued a General Remittance Order dated August 13, 2026 against Rupee Services Private Limited. The order, bearing RC No. 9161 of 2026, is part of recovery proceedings in a matter…
The Story in Brief
SEBI has issued a General Remittance Order dated August 13, 2026 against Rupee Services Private Limited. The order, bearing RC No. 9161 of 2026, is part of recovery proceedings in a matter involving dealing in illiquid stock options at BSE.
The regulator's action follows its investigation into the company's trading practices. The order directs Rupee Services to remit a specified sum. No further details of the amount or the exact violations were disclosed in the brief public notice.
The Indian Opinion
Some market participants grumble that SEBI's focus on illiquid options trading is a drag on volumes. But the reality is that such trades often distort price discovery and can be used for tax evasion or money laundering. The regulator has data on its side. The real test will be how quickly the ordered amount reaches the government's coffers, and whether other similar entities face similar orders.
Source: sebi.gov.in
This story was synthesised by AI from the source linked above.
