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          <h1>Regulation 25 on Default Procedures Omitted from SEBI Bankers Regulations by 2002 Amendments, Effective September 27, 2002.</h1> Regulation 25 of the Securities and Exchange Board of India (Bankers to an Issue) Regulations, 1994, which outlined procedures for action in case of default, has been omitted. The omission was effected by the Securities and Exchange Board of India (Procedure for Holding Enquiry by Enquiry Officer and Imposing Penalty) Regulations, 2002, effective from September 27, 2002.

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