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        SEBI

        Regulation 22 - CONSEQUENCES OF NON-IMPLEMENTATION OF THE AWARD

        Securities and Exchange Board of India (Ombudsman) Regulations, 2003
        Chapter V
        IMPLEMENTATION OF THE AWARD

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        Failure to implement an Ombudsman award triggers statutory penalties and regulatory sanctions affecting market access and registration. Regulation 22 mandates implementation of an Ombudsman award or Board review order within one month or within any period specified in the award or order. Non implementation without reasonable cause attracts a statutory penalty and additional regulatory measures affecting securities, market access, dealing privileges, or registration, subject to the procedural safeguards of the relevant rules or regulations.
                        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.

                              Failure to implement an Ombudsman award triggers statutory penalties and regulatory sanctions affecting market access and registration.

                              Regulation 22 mandates implementation of an Ombudsman award or Board review order within one month or within any period specified in the award or order. Non implementation without reasonable cause attracts a statutory penalty and additional regulatory measures affecting securities, market access, dealing privileges, or registration, subject to the procedural safeguards of the relevant rules or regulations.


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