Due process in cancellation: penalties or certificate cancellation require an enquiry under prescribed Chapter V procedures before imposition. No penalty or cancellation of a Foreign Venture Capital Investor's certificate may be imposed except after holding an enquiry in accordance with the procedure specified in Chapter V of the Securities and Exchange Board of India (Intermediaries) Regulations, 2008; Chapter V replaces earlier procedural regulations for enquiries and penalty imposition.
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Provisions expressly mentioned in the judgment/order text.
Due process in cancellation: penalties or certificate cancellation require an enquiry under prescribed Chapter V procedures before imposition.
No penalty or cancellation of a Foreign Venture Capital Investor's certificate may be imposed except after holding an enquiry in accordance with the procedure specified in Chapter V of the Securities and Exchange Board of India (Intermediaries) Regulations, 2008; Chapter V replaces earlier procedural regulations for enquiries and penalty imposition.
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