Enquiry procedure for portfolio managers requires notice, opportunity to reply, restricted legal representation and officer report recommending penalty. Regulation 34 allows the Board to appoint an enquiry officer who issues notice to the portfolio manager and permits a written reply with documentary evidence; the officer must afford a reasonable opportunity of hearing, allow appearance in person or by an authorised representative (with lawyers barred except where the Board appoints a lawyer as presenting officer), may seek appointment of a presenting officer, and must submit a report recommending grounds and any penalty.
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.
Enquiry procedure for portfolio managers requires notice, opportunity to reply, restricted legal representation and officer report recommending penalty.
Regulation 34 allows the Board to appoint an enquiry officer who issues notice to the portfolio manager and permits a written reply with documentary evidence; the officer must afford a reasonable opportunity of hearing, allow appearance in person or by an authorised representative (with lawyers barred except where the Board appoints a lawyer as presenting officer), may seek appointment of a presenting officer, and must submit a report recommending grounds and any penalty.
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