Registration refusal requires a hearing, written grounds and allows the applicant to seek reconsideration with prompt Board response. If an application for merchant banker registration does not meet the criteria, the Board shall refuse registration after giving an opportunity to be heard, communicate the refusal in writing stating grounds, and any aggrieved applicant may apply for reconsideration within thirty days, after which the Board will reconsider and communicate its decision as soon as possible.
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 refusal requires a hearing, written grounds and allows the applicant to seek reconsideration with prompt Board response.
If an application for merchant banker registration does not meet the criteria, the Board shall refuse registration after giving an opportunity to be heard, communicate the refusal in writing stating grounds, and any aggrieved applicant may apply for reconsideration within thirty days, after which the Board will reconsider and communicate its decision as soon as possible.
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