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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Regulation 26 required SEBI to issue show-cause notices for defaults, allowing 21 days for response. Omitted in 2002.</h1> Regulation 26 of the Securities and Exchange Board of India (Registrars to an Issue and Share Transfer Agents) Regulations, 1993, outlines the procedure for action in case of default. It mandates that upon receiving a report from the enquiry officer, the Board must issue a show-cause notice to the concerned registrar or share transfer agent, who must respond within twenty-one days. The Board then has thirty days to consider the reply and issue a self-contained order detailing the reasons and justification for any penalties imposed. A copy of the order must be sent to the involved party. This regulation was omitted in 2002.
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