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          <h1>Regulation 62 on default procedures in SEBI Collective Investment Schemes 1999 omitted by 2002 regulations.</h1> Regulation 62 of the Securities and Exchange Board of India (Collective Investment Schemes) Regulations, 1999, concerning the procedure for action in case of default, has been omitted. This omission was effected by the SEBI (Procedure for Holding Enquiry by Enquiry Officer and Imposing Penalty) Regulations, 2002, effective from September 27, 2002.

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