Procedure for action in case of default removed, shifting enforcement to subsequent SEBI procedural regulations. Omission of Regulation 27 of the SEBI (Custodian) Regulations, 1996 removes the prescribed procedure for action in case of default, abrogating that specific procedural text from the custodian regulatory framework and leaving enforcement and inquiry procedures to be governed by subsequent SEBI procedural regulations.
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Provisions expressly mentioned in the judgment/order text.
Procedure for action in case of default removed, shifting enforcement to subsequent SEBI procedural regulations.
Omission of Regulation 27 of the SEBI (Custodian) Regulations, 1996 removes the prescribed procedure for action in case of default, abrogating that specific procedural text from the custodian regulatory framework and leaving enforcement and inquiry procedures to be governed by subsequent SEBI procedural regulations.
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