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)
Refusal to grant permanent registration requires cessation of participant activities unless the board permits conditional continuation. A participant whose application for permanent registration is refused by the Board shall, from the date of expiry of the certificate sought to be renewed, cease to carry on any activity as a participant; provided that the Board may, in the interest of investors, permit continuation of activities undertaken prior to the intimation of refusal subject to conditions specified by the Board.
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.
Refusal to grant permanent registration requires cessation of participant activities unless the board permits conditional continuation.
A participant whose application for permanent registration is refused by the Board shall, from the date of expiry of the certificate sought to be renewed, cease to carry on any activity as a participant; provided that the Board may, in the interest of investors, permit continuation of activities undertaken prior to the intimation of refusal subject to conditions specified by the Board.
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 
