Omission of regulation: Procedure for action in case of default under CIS Regulations omitted and superseded by enquiry regulations. Regulation 64 of the SEBI (Collective Investment Schemes) Regulations, 1999, concerning procedure for action in case of default, has been omitted and displaced by the SEBI (Procedure for Holding Enquiry by Enquiry Officer and Imposing Penalty) Regulations, 2002, which introduce the enquiry-and-penalty procedural framework.
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Provisions expressly mentioned in the judgment/order text.
Omission of regulation: Procedure for action in case of default under CIS Regulations omitted and superseded by enquiry regulations.
Regulation 64 of the SEBI (Collective Investment Schemes) Regulations, 1999, concerning procedure for action in case of default, has been omitted and displaced by the SEBI (Procedure for Holding Enquiry by Enquiry Officer and Imposing Penalty) Regulations, 2002, which introduce the enquiry-and-penalty procedural framework.
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