Registration fee requirement: nonpayment authorises suspension of an underwriter's certificate and cessation of underwriting activities. Applicants eligible for underwriter registration must pay fees as prescribed in Schedule II; registered stock brokers paying fees under stock broker regulations are not required to pay again. Failure to pay authorises the Board to suspend the registration certificate, and a suspended underwriter must immediately stop acting as an underwriter.
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.
Registration fee requirement: nonpayment authorises suspension of an underwriter's certificate and cessation of underwriting activities.
Applicants eligible for underwriter registration must pay fees as prescribed in Schedule II; registered stock brokers paying fees under stock broker regulations are not required to pay again. Failure to pay authorises the Board to suspend the registration certificate, and a suspended underwriter must immediately stop acting as an underwriter.
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