sebi:MO/114/MIRSD/10/04
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Facts / Headnote
Cease and desist direction issued against the DP; no monetary penalty, suspension or cancellation imposed
Provisions invoked
- s. 19
- s. 11D
Regulations
- Reg. 20
- Reg. 20(2)(e)
Parties
- M/s Janata Sahakari Bank Ltd
Holding
M/s Janata Sahakari Bank Ltd, DP IN-DP-NSDL-26-97, was held guilty of violations relating to account opening, DIS issuance, demat delays and grievance redressal and was directed to cease and desist from repeating the lapses, with warning that any future violation would be viewed seriously.
Full text
Home » Enforcement » Orders » Orders of Chairman/Members Enforcement Enforcement▼ Order against Janata Sahakari Bank Ltd Oct 15, 2004 | Orders : Orders of Chairman/Members MO/114/MIRSD/10/04 SECURITIES AND EXCHANGE BOARD OF INDIA
4. After considering the submissions made by the DP, a show cause notice was issued to the DP on December 08, 2003, advising them to show cause as to why
15. Therefore, in the interests of investors and to safeguard the integrity of the securities market, in exercise of powers conferred upon me by Section 19 read with Sections 11 of the Securities and Exchange Board of India Act, 1992, I hereby direct M/s.Janata Sahakari Bank Ltd, holding Certificate of Registration No. IN-DP-NSDL-26-97, to ce desist from repeating any of the lapses enumerated above and the violations found to have been committed by them. Any future violation would be viewed seriously.
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Source: SecMarx — sebi:MO/114/MIRSD/10/04. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (bench, timelines, appeal chain) is cited to us.