Procedure for Action in Case of Default removed; default-action now governed by subsequent enquiry-and-penalty regulations. Regulation 27, titled Procedure for Action in Case of Default in the SEBI (Bankers to an Issue) Regulations, 1994, has been omitted by later regulations ... Summary
Procedure for Action in Case of Default removed; default-action now governed by subsequent enquiry-and-penalty regulations.
Regulation 27, titled Procedure for Action in Case of Default in the SEBI (Bankers to an Issue) Regulations, 1994, has been omitted by later regulations concerning holding enquiries by an enquiry officer and imposing penalties, effective 27-09-2002, indicating that default-action procedures are governed by the subsequent enquiry-and-penalty regulations.
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