(1) Every specified intermediary and other entity shall within thirty days of any person becoming a related person, ensure that such person has been allotted or has applied for a unique identification number.
(2) Every specified listed company shall within thirty days of any person becoming a related person, ensure that such person has been allotted or has applied for a unique identification number.
Chapter V ACTION IN CASE OF VIOLATION Action for acting, dealing etc. without obtaining unique identification number
19. Any person who issues any security or buys, sells or deals in any securities in contravention of these regulations shall be liable for—
(a) action under sub-section (4) of section 11 of the Act;
(b) delisting of securities;
(c) being debarred from acting in any capacity in any security market related institution;
(d) such other action as may be deemed appropriate by the Board in the facts and circumstances of the case :
Provided that no such action shall be taken without following the procedure laid down under the relevant rules or regulations.
Page 13 of 13 Action for giving false statement
20. Any person who makes any false statement or misrepresents any fact in any application or other document submitted to the Designated Service Provider shall, without prejudice to any action which may be taken under section 24 of the Act by the Board, be liable for action under section 15HB of the Act.
Action for failure to intimate changes
21. Any person who being required to do so, fails to intimate changes as required in 1[regulation 17] shall be liable for action under clause (b) of section 15A of the Act.
Action for failure to make application for newly added related persons
22. Any intermediary or listed company who fails to ensure compliance with 2[regulation 18] shall be liable for action under section 15HB of the Act.
G.N. BAJPAI CHAIRMAN SECURITIES AND EXCHANGE BOARD OF INDIA 1 Substituted for " regulation 15" by the SEBI (Central Database of Market Participants) (Amendment) Regulations, 2004, w.e.f. 21-7-2004.
2 Substituted for "regulation 16" by the SEBI (Central Database of Market Participants) (Amendment) Regulations, 2004, w.e.f. 21-7-2004.