sebi:Order/VV/AS/2022-23/24920
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Mixed: some allegations established, some not established
Provisions invoked
- s. 15A
- s. 15
- s. 19
- s. 15H
- s. 15J
- s. 28A
- s. 108
Regulations
- Reg. 4
- Reg. 6
- Reg. 13
- Reg. 3
- Reg. 199
- Reg. 15
- Reg. 200
- Reg. 14(1)
- Reg. 18(1)
- Reg. 3(1)
- Reg. 18
- Reg. 14(2)(h)
- Reg. 18(2)
- Reg. 14(3)(C)
- Reg. 18(4)
- Reg. 101
Parties
- Skyline Financial Services Pvt Ltd
Holding
The Adjudicating Officer found Skyline Financial Services Pvt Ltd liable for several alleged violations including non-possession of NISM certification by compliance officers, failure to maintain physical shareholders' signature database, non-compliance with document processing norms, and failure to maintain reconciliation statements, while some allegations (e.g., para 15.1, para 17.2) were not established.
Full text
Adjudication order in the matter of Skyline Financial Services Pvt Ltd Page 2 of 70 B. APPOINTMENT OF ADJUDICATING OFFICER
Adjudication order in the matter of Skyline Financial Services Pvt Ltd Page 3 of 70 S. No Alleged Violation Statutory Provision ii. Clauses 20 & 23 of general norms for processing of documents of the SEBI RTI Circular no. 1 (2000-2001) dated May 09, 2001. iii. Clauses 1, 2 3, 16 and 28 of Code of Conduct read with Regulation 13 of SEBI (Registrars to an Issue and Share Transfer Agents) Regulations, 1993.
Adjudication order in the matter of Skyline Financial Services Pvt Ltd Page 4 of 70 S. No Alleged Violation Statutory Provision
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