Custodian compliance defaults trigger action under the SEBI intermediaries enforcement framework for reporting, cooperation, conduct and fees. Liability for action arises where a custodian contravenes the Act, the rules or the regulations, fails to furnish required information, gives false or misleading information, omits periodic returns or reports, does not cooperate in an enquiry or inspection, fails to update systems and procedures, does not resolve client complaints, is guilty of misconduct or breaches the Code of Conduct, or fails to pay monthly fees. Such defaults are dealt with under Chapter V of the Securities and Exchange Board of India (Intermediaries) Regulations, 2008.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Custodian compliance defaults trigger action under the SEBI intermediaries enforcement framework for reporting, cooperation, conduct and fees.
Liability for action arises where a custodian contravenes the Act, the rules or the regulations, fails to furnish required information, gives false or misleading information, omits periodic returns or reports, does not cooperate in an enquiry or inspection, fails to update systems and procedures, does not resolve client complaints, is guilty of misconduct or breaches the Code of Conduct, or fails to pay monthly fees. Such defaults are dealt with under Chapter V of the Securities and Exchange Board of India (Intermediaries) Regulations, 2008.
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