sebi:WTM/RKA/SRO/52/2012
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Facts / Headnote
Certificate of registration granted to Knack Corporate Services Private Limited as registrar to an issue and share transfer agent suspended for a period of three months with directions for alternate arrangements and handover of records
Provisions invoked
- s. 19
- s. 32
- s. 53
Regulations
- Reg. 13
- Reg. 14(3)
- Reg. 28(2)
- Reg. 9A
- Reg. 54(1)
Parties
- Knack Corporate Services Private Limited
Holding
The certificate of registration granted to Knack Corporate Services Private Limited (SEBI Registration No. INR000000957) as a registrar to an issue and share transfer agent is suspended for a period of three months, with directions to facilitate alternate arrangements and handover of physical and demat records.
Full text
Page 2 of 8 it be suspended for a period of three months. Thereafter, a show cause notice dated December 08, 2011 (SCN) enclosing therewith the Report, was sent to the noticee advising it to show cause as to why appropriate penalty including penalty as recommended by the DA should not be imposed on it. As the noticee did not send its reply within the time stipulated in the SCN, SEBI vide letter dated February 02, 2012 advised the noticee to submit its reply latest by February 10,
Page 3 of 8 advice the Company to refund the application monies to the shareholders. Pursuant to SEBI's advice, the Company had refunded the application money collected in the rights issue.
Page 4 of 8 requires that a STA should insist the body corporate (on whose behalf it carries the share transfer activities) to authorise it to carry on the transfer of certificates.
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Source: SecMarx — sebi:WTM/RKA/SRO/52/2012. 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.