Distinctive Number reconciliation: freeze on promoters' and directors' securities until DN database compliance is achieved. Depositories must, in response to issuer/RTA non compliance with the Distinctive Number reconciliation directive, freeze all securities held by promoters and directors at the beneficiary owner account level, prohibit transfers including sale and pledge, and freeze related corporate benefits until the company updates DN information and reconciles records; exchanges and depositories shall publish names of non compliant companies and coordinate implementation, and exchanges must ensure DN compliance and updated promoter/director identifiers before lifting trading suspensions.
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 reconciliation: freeze on promoters' and directors' securities until DN database compliance is achieved.
Depositories must, in response to issuer/RTA non compliance with the Distinctive Number reconciliation directive, freeze all securities held by promoters and directors at the beneficiary owner account level, prohibit transfers including sale and pledge, and freeze related corporate benefits until the company updates DN information and reconciles records; exchanges and depositories shall publish names of non compliant companies and coordinate implementation, and exchanges must ensure DN compliance and updated promoter/director identifiers before lifting trading suspensions.
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