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        SEBI

        Regulation 22 - Liability for action in case of default

        Securities and Exchange Board of India (Registrars to an Issue and Share Transfer Agents) Regulations, 1993
        Chapter V
        PROCEDURE FOR ACTION IN CASE OF DEFAULT

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        Liability for default by registrars and share transfer agents leads to action under intermediaries regulations framework. Liability attaches to registrars to an issue and share transfer agents who fail to comply with registration conditions or who contravene provisions of the Act, SEBI rules, the Securities Contracts (Regulation) Act, the Depositories Act, or stock exchange rules; such defaults are to be dealt with under chapter V of the SEBI Intermediaries Regulations, 2008.
                      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.

                          Liability for default by registrars and share transfer agents leads to action under intermediaries regulations framework.

                          Liability attaches to registrars to an issue and share transfer agents who fail to comply with registration conditions or who contravene provisions of the Act, SEBI rules, the Securities Contracts (Regulation) Act, the Depositories Act, or stock exchange rules; such defaults are to be dealt with under chapter V of the SEBI Intermediaries Regulations, 2008.


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