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          <h1>SEBI omits Regulation 30 on default procedures in 1994 Bankers to an Issue Regulations, effective from September 27, 2002.</h1> Regulation 30 of the Securities and Exchange Board of India (Bankers to an Issue) Regulations, 1994, which outlined 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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