sebi:WTM/VKC/MIRSD/1/08/06
Facts / Headnote
Direction to refrain from repeating lapses; no penalty imposed
Provisions invoked
- s. 11D
Regulations relied on
- SEBI (Depositories and Participants) Regulations, 1996 — 20
Parties
- Infrastructure Leasing and Financial Services Limited
Holding
The Whole Time Member found that IL&FS, as a depository participant, had committed irregularities violative of SEBI circular SMDRP/Policy/Cir-36/2000 and Regulation 20 of the SEBI (Depositories & Participants) Regulations, 1996, and directed IL&FS to refrain from repeating any of the aforesaid lapses.
Full text
were certain short comings and compliances to be fulfilled in specific areas,but stated that these lacunae were not rampant. IL&FS sought for an opportunit a personal hearing.
Date: August 22, 2006 V.K. Ch Whole Time Me Securities and Exchange Board of 29/10/2025, 15:10 about:blank about:blank 3/3
5. An opportunity of personal hearing was given to IL&FS on July 21,2006. IL&FS appeared on the said date through the officials as mentioned in the first pa this order and made submissions reiterating its written reply. Further, IL&FS filed written submissions dated 24.7.06.
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Source: SecMarx — sebi:WTM/VKC/MIRSD/1/08/06. 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.