Penalty for suspension or cancellation of foreign investor certificates following fraud, manipulation, or non-cooperation, with formal enquiry. Regulations provided that suspension of a Foreign Institutional Investor's certificate could be imposed for fraudulent transactions, failure to furnish required transaction information, false information, or non-cooperation, and cancellation for deliberate market manipulation, fraud or criminal conduct involving moral turpitude, ineligibility, violations of insider-trading or anti-fraud provisions, or repeated defaults; penalties required an enquiry by an appointed officer with notice, opportunity to reply and be heard, a reasoned report and Board show-cause process, publication of orders, specified operational effects, and an appeal right.
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.
Penalty for suspension or cancellation of foreign investor certificates following fraud, manipulation, or non-cooperation, with formal enquiry.
Regulations provided that suspension of a Foreign Institutional Investor's certificate could be imposed for fraudulent transactions, failure to furnish required transaction information, false information, or non-cooperation, and cancellation for deliberate market manipulation, fraud or criminal conduct involving moral turpitude, ineligibility, violations of insider-trading or anti-fraud provisions, or repeated defaults; penalties required an enquiry by an appointed officer with notice, opportunity to reply and be heard, a reasoned report and Board show-cause process, publication of orders, specified operational effects, and an appeal right.
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