Liability for default by banker to an issue: contravention triggers regulatory actions including measures under intermediary regulations. Liability for default by a banker to an issue arises where the banker contravenes statutory obligations under the Act, rules or regulations, rendering the banker subject to one or more enforcement measures specified in the regulatory framework, including disciplinary action under intermediary regulations and historic sanctions such as suspension or cancellation of registration.
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.
Liability for default by banker to an issue: contravention triggers regulatory actions including measures under intermediary regulations.
Liability for default by a banker to an issue arises where the banker contravenes statutory obligations under the Act, rules or regulations, rendering the banker subject to one or more enforcement measures specified in the regulatory framework, including disciplinary action under intermediary regulations and historic sanctions such as suspension or cancellation of registration.
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