Procedure for action in case of default removed from merchant bankers rules; replaced by new enquiry and penalty procedure. Regulation 40 of the Merchant Bankers regulatory framework concerned the procedure for action in case of default, including mechanisms for enquiry and ... Summary
Procedure for action in case of default removed from merchant bankers rules; replaced by new enquiry and penalty procedure.
Regulation 40 of the Merchant Bankers regulatory framework concerned the procedure for action in case of default, including mechanisms for enquiry and sanction; the provision has been omitted and its functions superseded by a subsequent procedural regulation establishing the enquiry and penalty process.
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