Regulatory enforcement powers can suspend mutual fund scheme launches and forfeit AMC investments subject to hearing. The Board may, for violation of the Act or the regulations, initiate enforcement under the Act and Chapter VIA and may pass orders including suspension of the launching of any scheme of a mutual fund for a period not exceeding one year and forfeiture of the amount invested by an asset management company in any of its schemes as required under sub regulation (16A) of regulation 25; no order shall be passed without giving an opportunity of hearing.