TMI BlogDatabase for Distinctive Number (DN) of Shares - Action against non-compliant companiesX X X X Extracts X X X X X X X X Extracts X X X X ..... ository Participants Dear Sir/Madam, Sub: Database for Distinctive Number (DN) of Shares - Action against non-compliant companies 1. Regulation 75 of the SEBI (Depositories and Participants) Regulations, 2018 mandates issuer or its agent to daily reconcile the records of dematerialized securities with all securities issued by them. 2. While emphasizing the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... The aforesaid circular dated June 05, 2015 also stipulated that failure by the Issuers/RTAs to ensure reconciliation of the records in terms of the said circular shall attract appropriate actions under the extant laws. 3. It is noted that, despite follow-ups by Depositories, certain companies are yet to comply with aforementioned circular no. CIR/MRD/DP/10/2015 dated June 05, 2015 . ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... mpanies till such time the company complies with the directions provided in SEBI circular dated June 05, 2015 . Depositories are advised to keep in abeyance the action mentioned above in specific cases where moratorium on enforcement proceedings has been provided for under any Act, Court/ Tribunal Orders, etc. b. The names of companies that are not in compliance with aforementio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... other appropriate action(s) against the concerned listed companies and its promoters/directors for non-compliance with SEBI circular no. CIR/MRD/DP/10/2015dated June 05, 2015 . 6. This circular is issued in exercise of powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act, 1992 , to protect the interests of investors in securities and to promote the ..... X X X X Extracts X X X X X X X X Extracts X X X X
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