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        SEBI

        Regulation 62 - Omitted

        Securities and Exchange Board of India (Collective Investment Schemes) Regulations, 1999
        Chapter VIII
        PROCEDURE FOR ACTION IN CASE OF DEFAULT

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        Procedure for action in case of default removed, shifting enquiry and penalty processes under revised SEBI procedural regulations. Regulation 62 of the SEBI (Collective Investment Schemes) Regulations, 1999, concerning the procedure for action in case of default, has been omitted and its enquiry and penalty mechanisms reconstituted under the SEBI (Procedure for Holding Enquiry by Enquiry Officer and Imposing Penalty) Regulations, 2002, so that the original Regulation 62 provisions are no longer operative.
                          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, shifting enquiry and penalty processes under revised SEBI procedural regulations.

                                Regulation 62 of the SEBI (Collective Investment Schemes) Regulations, 1999, concerning the procedure for action in case of default, has been omitted and its enquiry and penalty mechanisms reconstituted under the SEBI (Procedure for Holding Enquiry by Enquiry Officer and Imposing Penalty) Regulations, 2002, so that the original Regulation 62 provisions are no longer operative.


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