Procedure for action in case of default removed under SEBI collective investment schemes framework, altering enforcement procedural regime. Regulation 63 of the SEBI (Collective Investment Schemes) Regulations, 1999, which set out the procedure for action in case of default, has been omitted ... Summary
Procedure for action in case of default removed under SEBI collective investment schemes framework, altering enforcement procedural regime.
Regulation 63 of the SEBI (Collective Investment Schemes) Regulations, 1999, which set out the procedure for action in case of default, has been omitted by later regulations dealing with enquiry and penalty procedures, thereby eliminating that specific enforcement procedure from the 1999 CIS regulatory framework.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.