Securities and Exchange Board of India (Intermediaries) Regulations, 2008 Chapter V ACTION IN CASE OF DEFAULT AND MANNER OF SUSPENSION OR CANCELLATION OF CERTIFICATE
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Suspension and cancellation procedure: sets submission process, potential hearing, remission and decision timelines for registration actions. On receipt of the designated authority's report recommending measures for default, the competent authority must forward the report to the noticee and call for a written submission within the specified period, allowing a recorded extension. After considering submissions, the competent authority may remit the matter for further inquiry, grant a personal hearing where cancellation is recommended or appears prima facie warranted, or proceed without hearing if not so recommended; it must endeavour to pass an appropriate order within the prescribed decision period from receipt of submissions or the hearing.
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.
Suspension and cancellation procedure: sets submission process, potential hearing, remission and decision timelines for registration actions.
On receipt of the designated authority's report recommending measures for default, the competent authority must forward the report to the noticee and call for a written submission within the specified period, allowing a recorded extension. After considering submissions, the competent authority may remit the matter for further inquiry, grant a personal hearing where cancellation is recommended or appears prima facie warranted, or proceed without hearing if not so recommended; it must endeavour to pass an appropriate order within the prescribed decision period from receipt of submissions or the hearing.
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