Chapter VII - RIGHTS AND OBLIGATIONS OF DEPOSITORIES, PARTICIPANTS, ISSUERS, MANNER OF SURRENDER OF CERTIFICATE OF SECURITY AND CREATION OF PLEDGE OR HYPOTHECATION (From Regulation 40 to Regulation 82AA)
Refusal of commencement certificate: depository may be directed to comply or, after hearing, face written rejection with stated grounds. If the Board, after considering regulation 14 matters and completing physical verification, determines a depository should not receive a certificate of commencement of business, it may direct the depository to conform to regulation 14 or, after giving an opportunity of being heard, reject the application. Any rejection must be communicated in writing stating the grounds and sent within thirty days of the decision.
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.
Refusal of commencement certificate: depository may be directed to comply or, after hearing, face written rejection with stated grounds.
If the Board, after considering regulation 14 matters and completing physical verification, determines a depository should not receive a certificate of commencement of business, it may direct the depository to conform to regulation 14 or, after giving an opportunity of being heard, reject the application. Any rejection must be communicated in writing stating the grounds and sent within thirty days of the decision.
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