Regulatory omission: a regulation removed, eliminating the prescribed procedure for action in case of default under underwriter rules. Regulation 30 of the SEBI (Underwriters) Regulations, 1993, prescribing the procedure for action in case of default, has been omitted and the specific default-action procedure is no longer part of those Regulations; inquiry and penalty matters are governed by the subsequent regulation instituting the procedure for holding enquiries and imposing penalties.
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.
Regulatory omission: a regulation removed, eliminating the prescribed procedure for action in case of default under underwriter rules.
Regulation 30 of the SEBI (Underwriters) Regulations, 1993, prescribing the procedure for action in case of default, has been omitted and the specific default-action procedure is no longer part of those Regulations; inquiry and penalty matters are governed by the subsequent regulation instituting the procedure for holding enquiries and imposing penalties.
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