Regulatory omission: a regulation removed, eliminating the prescribed procedure for action in case of default under underwriter rules. Regulation 30 of the SEBI (Underwriters) Regulations, 1993, prescribing the procedure for action in case of default, has been omitted and the specific ... Summary
Regulatory omission: a regulation removed, eliminating the prescribed procedure for action in case of default under underwriter rules.
Regulation 30 of the SEBI (Underwriters) Regulations, 1993, prescribing the procedure for action in case of default, has been omitted and the specific default-action procedure is no longer part of those Regulations; inquiry and penalty matters are governed by the subsequent regulation instituting the procedure for holding enquiries and imposing penalties.
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