Regulation 16 - Revocation of unique identification number
Securities and Exchange Board of India (Central Database Of Market Participants) Regulations, 2003 Chapter III GRANT AND REVOCATION OF UNIQUE IDENTIFICATION NUMBERS
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Revocation of unique identification number: fraud, misrepresentation, or mistake permit cancellation after opportunity to be heard. Where a Unique Identification Number was obtained through fraud or misrepresentation or allotted by mistake, the Board may revoke it after giving the person an opportunity to make representations and without prejudice to other legal action; every revocation order must be in writing, and from the date of revocation the regulations apply as if no number had been allotted.
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.
Revocation of unique identification number: fraud, misrepresentation, or mistake permit cancellation after opportunity to be heard.
Where a Unique Identification Number was obtained through fraud or misrepresentation or allotted by mistake, the Board may revoke it after giving the person an opportunity to make representations and without prejudice to other legal action; every revocation order must be in writing, and from the date of revocation the regulations apply as if no number had been allotted.
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