Procedure for Action in Case of Default removed; omission alters regulatory framework for collective investment schemes enforcement. Regulation 60 of the Securities and Exchange Board of India (Collective Investment Schemes) Regulations, 1999, titled Procedure for Action in Case of Default, has been omitted by a subsequent SEBI regulation, removing the prior procedural framework for initiating and conducting action in cases of default under the CIS regulations.
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Provisions expressly mentioned in the judgment/order text.
Procedure for Action in Case of Default removed; omission alters regulatory framework for collective investment schemes enforcement.
Regulation 60 of the Securities and Exchange Board of India (Collective Investment Schemes) Regulations, 1999, titled Procedure for Action in Case of Default, has been omitted by a subsequent SEBI regulation, removing the prior procedural framework for initiating and conducting action in cases of default under the CIS regulations.
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