Culmination Of The Institution Of Prophethood

I believe in finality of prophethood, and I have read the same from Ghamdi Sahib's Meezan, but one of my friends believes that prophethood has not terminated on Muḥammad (sws). He says BAB and BAHULLAH are the prophets who followed Muhammad. He gives following verse of the Qur’an in support of his argument:

O children of Adam: If there comes to you Messengers from amongst you, reciting to you, My verses, then whosoever becomes pious and righteous, on them shall be no fear, nor shall they grieve. (al-A’raaf 35)

He claims that the verse quoted above clearly shows continuity of prophethood for ever. Please comment.

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