Procedure for action in case of default replaced by SEBI enquiry and penalty regulations governing bankers to an issue. Regulation 28 of the SEBI (Bankers to an Issue) Regulations, 1994-concerning the procedure for action in case of default-has been omitted and superseded ... Summary
Procedure for action in case of default replaced by SEBI enquiry and penalty regulations governing bankers to an issue.
Regulation 28 of the SEBI (Bankers to an Issue) Regulations, 1994-concerning the procedure for action in case of default-has been omitted and superseded by the Securities and Exchange Board of India (Procedure for Holding Enquiry by Enquiry Officer and Imposing Penalty) Regulations, 2002, effective 27-09-2002, thereby transferring procedural governance of defaults by bankers to an issue to the 2002 enquiry and penalty framework.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.