GENERAL OBLIGATIONS AND RESPONSIBILITIES OF DESIGNATED DEPOSITORY PARTICIPANTSSecurities and Exchange Board of India (Foreign Portfolio Investors) Regulations, 2019
GENERAL OBLIGATIONS AND RESPONSIBILITIES OF DESIGNATED DEPOSITORY PARTICIPANTSSecurities and Exchange Board of India (Foreign Portfolio Investors) Regulations, 2019
Suspension or withdrawal of approval: Board may suspend or withdraw DDP approval for non compliance after hearing. The Board may suspend or withdraw approval granted to a designated depository participant where the participant fails to comply with approval conditions ... Summary
Suspension or withdrawal of approval: Board may suspend or withdraw DDP approval for non compliance after hearing.
The Board may suspend or withdraw approval granted to a designated depository participant where the participant fails to comply with approval conditions or contravenes securities laws or directions, instructions or circulars; such suspension or withdrawal may be ordered without prejudice to other actions, but only after providing the designated depository participant a reasonable opportunity of being heard.
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