Appointment of adjudicating officer enables SEBI to designate a senior officer to hold inquiries under the Act's specified adjudication provisions.

SEBI may appoint an adjudicating officer, being any officer of SEBI not below the rank of Division Chief, to hold an inquiry when SEBI is of the opinion that grounds exist for adjudication under the Act; the appointment is specifically for conducting the inquiry necessary for adjudication under the relevant statutory provisions.

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