Order in the matter of Alankit Assignments Limited

This order addresses alleged regulatory violations by Alankit Assignments Limited, a Qualified Registrar and Transfer Agent (QRTA), regarding compliance with SEBI regulations during an inspection period from April 2021 to September 2022. It details the findings of a Designated Authority (DA) and the procedural steps taken, including the Noticee's requests for stays and extensions.

Alankit Assignments Limited

• Alleged violations include 39 associated persons lacking NISM certification, failure to execute tripartite agreements with 7 companies, and missing signature cards for 46% of physical folios.
• The Designated Authority (DA) recommended prohibiting the Noticee from taking up new clients for one year and issuing a regulatory censure.
• SEBI rejected the Noticee's request to stay the proceedings pending an appeal before the Securities Appellate Tribunal (SAT), stating the enquiry proceedings are independent of adjudication proceedings.
• The Noticee was granted extensions to file responses and was provided access to inspect the original DA report and documents.

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