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<h1>New Rules Detail Inquiry and Penalty Procedures for Securities Contract Violations, Including 14-Day Notice Requirement</h1> The Securities Contracts (Regulation) (Procedure for Holding Inquiry and Imposing Penalties) Rules, 2005, outlines the procedure for conducting inquiries to determine if any contraventions have occurred under specified sections. The Board or adjudicating officer must issue a notice to the concerned party, allowing at least fourteen days to respond. If an inquiry is deemed necessary, a date for appearance is set, and the alleged offense is explained. The party can present evidence, and the hearing may be adjourned if needed. The Board or officer can summon individuals for evidence and proceed in the absence of the party if they fail to appear.