sebi:WTM/AB/MIRSD/DoR/23/2021-22
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Facts / Headnote
Cancellation of certificates of registration as depository participants of all 11 Noticees with immediate effect
Provisions invoked
- s. 19
- s. 12(1)
- s. 12(3)
Regulations
- Reg. 35
- Reg. 30A
- Reg. 35(b)
Holding
The certificates of registration of the 11 Noticees as depository participants are cancelled under Section 12(3) of the SEBI Act, 1992 read with Regulation 30A of the Intermediaries Regulations, 2008 because their depository participant agreements were terminated and they are no longer participants of any depository.
Full text
Order against certain Depository Participants Page 1 of 9 WTM/AB/MIRSD/DoR/23/2021-22 SECURITIES AND EXCHANGE BOARD OF INDIA
Order against certain Depository Participants Page 2 of 9 Chandan Broking Limited (RTG Share Broking Limited) (IN-DP-CDSL-537- 2010), KSBL Securities Limited (IN-DP-CDSL-493-2008), Vineet Securities Private Limited (IN-DP-CDSL-391-2007), Anee Securities Private Limited (IN- DP-106-2015), Karvy Stock Broking Ltd (IN-DP-175-2015 and IN-DP-414- 2019), Anugrah Stock & Broking Ltd (IN-DP-93-2015), Sumpoorna Portfolio Limited (IN-DP-CDSL-665-2012) (hereinafter referred to as “Noticees”) are depository participants registered with Securities and Exchange Board of India (hereinafter referred to as “SEBI”) in terms of Section 12(1) of the Securities and Exchange Board of India Act, 1992 (hereinafter referred to as “SEBI Act, 1992”) and SEBI (Depositories and Participants) Regulations, 2018 (hereinafter be referred to as, the “DP Regulations, 2018”). The Registration to the Noticees as depository participant was granted subject to certain conditions including the condition that they continue to be eligible to be admitted as a participant of the depository through which it has made the application to SEBI. At the time of grant of registration as depository participant, the Noticees were participants of the Depositories, the details of which are given hereunder:
Order against certain Depository Participants Page 3 of 9 11 Sumpoorna Portfolio Limited CDSL IN-DP-CDSL- 665-2012 AAOCS8998N
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Source: SecMarx — sebi:WTM/AB/MIRSD/DoR/23/2021-22. 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.