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Order in the matter of Adroit Corporate Services Ltd, Registrar to an Issue and Share Transfer Agent

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Court :
SEBI

Brief :
Securities and Exchange Board of India (“SEBI”) granted a certificate of registration as a Registrar to an Issue and Share Transfer Agent (Category 1 RTA) to Adroit Corporate Services Pvt. Ltd. (Adroit/Noticee) in accordance with the provisions of SEBI(Registrar to an Issue and Share Transfer Agent) Regulations, 1993 (RTA Regulations).

Citation :
WTM/GM/EFD-2/42/2020-21

WTM/GM/EFD-2/42/2020-21
SECURITIES AND EXCHANGE BOARD OF INDIA
ORDER
Under Section 12(3) of SEBI Act, 1992 read with Regulation 28(2) of SEBI (Intermediaries) Regulations, 2008.

NOTICEE : SEBI REGISTRATION NO
Adroit Corporate Services Pvt. Ltd. : INR000002227

Background
1. Securities and Exchange Board of India (“SEBI”) granted a certificate of registration as a Registrar to an Issue and Share Transfer Agent (Category 1 RTA) to Adroit Corporate Services Pvt. Ltd. (Adroit/Noticee) in accordance with the provisions of SEBI(Registrar to an Issue and Share Transfer Agent) Regulations, 1993 (RTA Regulations).

2. SEBI conducted an inspection of the Noticee between March 16- 18, 2016 to ascertain the level of compliance with the regulations and directions issued by SEBI for the period April 01, 2013 to December 31, 2015. SEBI also appointed an auditor- Shah, Gupta and Company, to conduct an audit of the books of accounts and other records of the Noticee for the period of April 01, 2013 to March 31, 2016, to ascertain the compliance with the regulatory measures put in place by SEBI for RTAs.

3. Pursuant to the inspection and audit, it was noted that Noticee had allegedly violated SEBI regulations and circulars pertaining to maintenance of specimen signatures in relation to processing requests for dematerialization, transfer and issue of duplicate share certificate.

To know more in details find the attachment file

 

Guest
on 29 October 2020
Published in LAW
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