Regulatory enforcement: Board may take action after inspection reports, including measures under intermediaries' enforcement framework. Regulation 33 authorises the Board or the Chairman, after considering an inspection or investigation report, to take such action as they deem fit, including invoking enforcement provisions available under the intermediaries' regulatory framework; previously the regime mandated communication of findings to the credit rating agency, a reasonable opportunity to be heard, and the Board's power to require remedial measures following explanation.
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.
Regulatory enforcement: Board may take action after inspection reports, including measures under intermediaries' enforcement framework.
Regulation 33 authorises the Board or the Chairman, after considering an inspection or investigation report, to take such action as they deem fit, including invoking enforcement provisions available under the intermediaries' regulatory framework; previously the regime mandated communication of findings to the credit rating agency, a reasonable opportunity to be heard, and the Board's power to require remedial measures following explanation.
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