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          <h1>SEBI Regulation 66 Omitted: New Procedure for Default Actions Effective Since 2002</h1> Regulation 66 of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 1996, concerning the procedure for action in case of default, has been omitted. This omission was effected by the SEBI (Procedure for Holding Enquiry by Enquiry Officer and Imposing Penalty) Regulations, 2002, and became effective on September 27, 2002.

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