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<h1>Regulation 28 on Debenture Trustee Default Procedures Omitted by SEBI Rules Effective September 27, 2002.</h1> Regulation 28 of the Securities and Exchange Board of India (Debenture Trustees) Regulations, 1993, which outlined the procedure for action in case of default, has been omitted. This omission was effected by the SEBI (Procedure for Holding Enquiry by Enquiry Officer and Imposing Penalty) Regulations, 2002, effective from September 27, 2002.