Procedure for Action in Case of Default: regulation on bankers-to-issue default proceedings was removed by later procedural regulations. The provision prescribed the procedure for action in case of default by bankers to an issue, including initiation of proceedings, enquiry mechanisms and ... Summary
Procedure for Action in Case of Default: regulation on bankers-to-issue default proceedings was removed by later procedural regulations.
The provision prescribed the procedure for action in case of default by bankers to an issue, including initiation of proceedings, enquiry mechanisms and imposition of penalties or corrective measures for compliance failures; this provision was later omitted by subsequent procedural regulations on holding enquiries and imposing penalties.
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