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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Enquiry procedure under RTA regulations: notice, hearing rights, restricted legal representation, presenting officer and report to regulator in default cases. Procedure for enquiries into defaults requires appointment of an enquiry officer, service of notice at the registrar's registered office or principal place of business, and allows the registrar or share transfer agent thirty days to submit a written reply with supporting documents. The enquiry officer must provide a reasonable opportunity of hearing for submissions, impose restrictions on legal representation except where a lawyer is appointed as the Board's presenting officer, may request a presenting officer, and must submit a report to the Board recommending any penalty with justification.
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Enquiry procedure under RTA regulations: notice, hearing rights, restricted legal representation, presenting officer and report to regulator in default cases.
Procedure for enquiries into defaults requires appointment of an enquiry officer, service of notice at the registrar's registered office or principal place of business, and allows the registrar or share transfer agent thirty days to submit a written reply with supporting documents. The enquiry officer must provide a reasonable opportunity of hearing for submissions, impose restrictions on legal representation except where a lawyer is appointed as the Board's presenting officer, may request a presenting officer, and must submit a report to the Board recommending any penalty with justification.
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