Cancellation or suspension of trustee registration can be ordered for non-compliance, with winding up and repayment measures possible. Regulation 45 empowers the Board to cancel or suspend a trustee's registration for failure to comply with certificate conditions or contravention of the Act, the SEBI Act or regulations, subject to an opportunity of being heard. The Board may also direct winding up of schemes-liquidation of the asset pool and repayment to investors-and the trustee must continue compliance with applicable laws and directions until a replacement trustee is appointed or schemes are wound up and repaid.