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          <h1>Securities Board omits Regulation 28 on default procedures; changes effective since September 27, 2002.</h1> Regulation 28 of the Securities and Exchange Board of India (Bankers to an Issue) Regulations, 1994, concerning the procedure for action in case of default, has been omitted. This 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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