sebi:Order/AK/AS/2023-24/28288
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Facts / Headnote
Alleged violations against CDSL not established; no penalty imposed on the issues discussed (pledge invocation, nomenclature, freeze marking)
Provisions invoked
- s. 15
- s. 19
- s. 15H
- s. 15J
- s. 19H
- s. 19G
Regulations
- Reg. 17
- Reg. 35
- Reg. 79(5)
- Reg. 79(3)
Parties
- CDSL
Holding
The Adjudicating Officer held that CDSL did not violate the directions of the SEBI Interim Order dated October 07, 2019 by allowing HDFC to invoke pre-existing pledges over securities in BRH Wealth Kreators Ltd's demat accounts, and further found CDSL's nomenclature assignment and related conduct to be in compliance with applicable provisions.
Full text
Adjudication Order in respect of CDSL in the matter of BRH Wealth Kreators Ltd Page 2 of 25 SEBI/HO/MIRSD/MIRSD2/CIR/P/2016/95 dated September 26, 2016 (hereinafter referred to as “Circular dated September 26, 2016”) and the directions contained in the SEBI Interim Order ref no WTM/AB/SEBI/ERO/25/2019 dated October 07, 2019 (hereinafter referred to as “Interim Order”).
Adjudication Order in respect of CDSL in the matter of BRH Wealth Kreators Ltd Page 3 of 25 2014 (Appeal No. 204 of 2014) in the matter of R.M. Shares Trading Pvt Ltd vs SEBI.
Adjudication Order in respect of CDSL in the matter of BRH Wealth Kreators Ltd Page 4 of 25 DP Regulations Depository to abide by the Code of Conduct
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Source: SecMarx — sebi:Order/AK/AS/2023-24/28288. 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.