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        SEBI

        Regulation 69 - Omitted

        Securities And Exchange Board of India (Depositories And Participants) Regulations, 1996
        Chapter VII
        PROCEDURE FOR ACTION IN CASE OF DEFAULT

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        Regulation omission of procedure for action in case of default alters depository regulatory framework and enforcement procedure. Regulation 69 of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 1996, which provided the procedure for action in case of default, has been omitted by the SEBI (Procedure for Holding Enquiry by Enquiry Officer and Imposing Penalty) Regulations, 2002, effective 27-9-2002, so that the specific enforcement mechanism in Regulation 69 no longer forms part of the 1996 Regulations.
                          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.

                                Regulation omission of procedure for action in case of default alters depository regulatory framework and enforcement procedure.

                                Regulation 69 of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 1996, which provided the procedure for action in case of default, has been omitted by the SEBI (Procedure for Holding Enquiry by Enquiry Officer and Imposing Penalty) Regulations, 2002, effective 27-9-2002, so that the specific enforcement mechanism in Regulation 69 no longer forms part of the 1996 Regulations.


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