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Securities and Exchange Board of India (Appointment of Administrator and Procedure for Refunding to the Investors) Regulations, 2018 Part VI General obligations and responsibilities
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Administrator obligations require integrity, independence, full disclosure and confidentiality in verification and refund processes. An Administrator must maintain integrity, promptness, fairness, skill, care and diligence, avoid misrepresentation, negligence and acquisition of defaulter assets, disclose and justify verification and refund costs, act with objectivity and independence free from conflicts or undue influence, provide required information to the Recovery Officer in time, preserve confidentiality of sale, verification and refund information except when authorized to disclose, and comply with appointment terms.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Administrator obligations require integrity, independence, full disclosure and confidentiality in verification and refund processes.
An Administrator must maintain integrity, promptness, fairness, skill, care and diligence, avoid misrepresentation, negligence and acquisition of defaulter assets, disclose and justify verification and refund costs, act with objectivity and independence free from conflicts or undue influence, provide required information to the Recovery Officer in time, preserve confidentiality of sale, verification and refund information except when authorized to disclose, and comply with appointment terms.
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