Database for Distinctive Number (DN) of Shares - Action against non-compliant companies

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....ts Dear Sir/Madam, Sub: Database for Distinctive Number (DN) of Shares - Action against non-compliant companies 1. Regulation 75 of the SEBI (Depositories and Participants) Regulations, 2018 mandates issuer or its agent to daily reconcile the records of dematerialized securities with all securities issued by them. 2. While emphasizing the responsibility of issuers to reconcile the reco....

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....so stipulated that failure by the Issuers/RTAs to ensure reconciliation of the records in terms of the said circular shall attract appropriate actions under the extant laws. 3. It is noted that, despite follow-ups by Depositories, certain companies are yet to comply with aforementioned circular no. CIR/MRD/DP/10/2015 dated June 05, 2015. Hence, in order to protect the interest of investors:- ....

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....ons provided in SEBI circular dated June 05, 2015. Depositories are advised to keep in abeyance the action mentioned above in specific cases where moratorium on enforcement proceedings has been provided for under any Act, Court/ Tribunal Orders, etc. b. The names of companies that are not in compliance with aforementioned circular shall be prominently disseminated on the website ....