Action on inspection reports: regulator may take discretionary enforcement measures including intermediary enforcement mechanisms. The regulation empowers the Board or the Chairman to take such measures as they deem fit on inspection or investigation reports, including enforcement under the Intermediaries Regulations Chapter; historically the provision required communicating findings to the merchant banker and providing an opportunity to be heard, but amendments shifted the provision to reference intermediary enforcement mechanisms while preserving Board discretion.
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.
Action on inspection reports: regulator may take discretionary enforcement measures including intermediary enforcement mechanisms.
The regulation empowers the Board or the Chairman to take such measures as they deem fit on inspection or investigation reports, including enforcement under the Intermediaries Regulations Chapter; historically the provision required communicating findings to the merchant banker and providing an opportunity to be heard, but amendments shifted the provision to reference intermediary enforcement mechanisms while preserving Board discretion.
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