Distinctive number database requirement ensures centralised share records and reconciled issued capital across market participants in real time. Creation of a Distinctive Number (DN) database is mandated to centralise records of all equity shares, physical and dematerialised, issued by listed companies and to facilitate reconciliation of total issued and listed capital. Depositories must build and maintain the DN database and provide online interfaces; stock exchanges must supply and validate company share totals and update DN entries upon listing approvals; issuers/RTAs must continuously update DN data and reconcile mismatches; depository participants must verify DNs during dematerialisation. Non-compliance attracts action under extant laws.
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.
Distinctive number database requirement ensures centralised share records and reconciled issued capital across market participants in real time.
Creation of a Distinctive Number (DN) database is mandated to centralise records of all equity shares, physical and dematerialised, issued by listed companies and to facilitate reconciliation of total issued and listed capital. Depositories must build and maintain the DN database and provide online interfaces; stock exchanges must supply and validate company share totals and update DN entries upon listing approvals; issuers/RTAs must continuously update DN data and reconcile mismatches; depository participants must verify DNs during dematerialisation. Non-compliance attracts action under extant laws.
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