Refusal to grant registration: banks must cease banker-to-issue activities unless the Board permits conditional continuation. Regulation 10 prescribed that refusal of a bank's application for registration as a banker to an issue required cessation of such activities from the date of notice, while an earlier formulation allowed the Board to permit continuation of pre-existing activities in the interest of investors subject to conditions; the provision was later substituted and subsequently omitted by amendment.
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.
Refusal to grant registration: banks must cease banker-to-issue activities unless the Board permits conditional continuation.
Regulation 10 prescribed that refusal of a bank's application for registration as a banker to an issue required cessation of such activities from the date of notice, while an earlier formulation allowed the Board to permit continuation of pre-existing activities in the interest of investors subject to conditions; the provision was later substituted and subsequently omitted by amendment.
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