Chapter V - RIGHTS AND OBLIGATIONS OF DEPOSITORIES, PARTICIPANTS, ISSUERS, MANNER OF SURRENDER OF CERTIFICATE OF SECURITY AND CREATION OF PLEDGE OR HYPOTHECATION (From Regulation 26 to Regulation 58C)
Certificate of commencement of business: regulator may direct compliance or refuse grant after hearing; rejection must state reasons. Regulation 15 directs that after considering regulation 13 matters and completing physical verification, the Board may either require the depository to conform to regulation 13 or reject the application after giving the applicant an opportunity of being heard; any rejection must be communicated in writing with stated grounds within the prescribed period.
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.
Certificate of commencement of business: regulator may direct compliance or refuse grant after hearing; rejection must state reasons.
Regulation 15 directs that after considering regulation 13 matters and completing physical verification, the Board may either require the depository to conform to regulation 13 or reject the application after giving the applicant an opportunity of being heard; any rejection must be communicated in writing with stated grounds within the prescribed period.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
