Procedure for action in case of default removed; replaced by enquiry-and-penalty regulations establishing enforcement procedure. Regulation 61 of the SEBI (Collective Investment Schemes) Regulations, 1999, concerning the procedure for action in case of default, was omitted by the SEBI (Procedure for Holding Enquiry by Enquiry Officer and Imposing Penalty) Regulations, 2002, with effect from 27-09-2002, thereby transferring procedural enforcement rules to the 2002 enquiry-and-penalty framework.
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.
Procedure for action in case of default removed; replaced by enquiry-and-penalty regulations establishing enforcement procedure.
Regulation 61 of the SEBI (Collective Investment Schemes) Regulations, 1999, concerning the procedure for action in case of default, was omitted by the SEBI (Procedure for Holding Enquiry by Enquiry Officer and Imposing Penalty) Regulations, 2002, with effect from 27-09-2002, thereby transferring procedural enforcement rules to the 2002 enquiry-and-penalty framework.
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