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<h1>Regulation 75 Empowers SEBI to Suspend or Cancel Registration of Intermediaries for Non-Compliance Under Section 12</h1> Regulation 75 of the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996, empowers the Board to initiate action against intermediaries who hold a certificate of registration under section 12 of the Act. This action can include suspension or cancellation of the registration if the intermediary fails to exercise due diligence or comply with regulatory obligations. However, any such suspension or cancellation must adhere to the procedures specified in the applicable regulations for the intermediary.