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          <h1>Regulation 36 on action for default in Merchant Bankers Regulations omitted by 2002 update, effective September 27.</h1> Regulation 36 of the Securities and Exchange Board of India (Merchant Bankers) Regulations, 1992, concerning the procedure for action in case of default, has been omitted. This omission was effected by the Securities and Exchange Board of India (Procedure for Holding Enquiry by Enquiry Officer and Imposing Penalty) Regulations, 2002, effective from September 27, 2002.

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