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        SEBI

        Regulation 33 - Omitted

        Securities and Exchange Board of India (Portfolio Managers) Regulations, 1993
        Chapter V
        PROCEDURE FOR ACTION IN CASE OF DEFAULT

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        Requirement of enquiry before suspension or cancellation preserves procedural fairness and bars penalties without a formal inquiry. Regulation 33, now omitted, previously mandated that no order imposing suspension or cancellation as a penalty shall be made except after holding an enquiry in accordance with the procedure specified in the enquiry regulation, thereby requiring a defined enquiry process before such enforcement action.
                          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.

                                Requirement of enquiry before suspension or cancellation preserves procedural fairness and bars penalties without a formal inquiry.

                                Regulation 33, now omitted, previously mandated that no order imposing suspension or cancellation as a penalty shall be made except after holding an enquiry in accordance with the procedure specified in the enquiry regulation, thereby requiring a defined enquiry process before such enforcement action.


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