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        SEBI

        Regulation 17 - Suspension or withdrawal of approval

        Securities and Exchange Board of India (Foreign Portfolio Investors) Regulations, 2019
        Chapter III
        APPROVAL OF DESIGNATED DEPOSITORY PARTICIPANT

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        Suspension or withdrawal of approval: Board may suspend or withdraw DDP approval for non compliance after hearing. The Board may suspend or withdraw approval granted to a designated depository participant where the participant fails to comply with approval conditions or contravenes securities laws or directions, instructions or circulars; such suspension or withdrawal may be ordered without prejudice to other actions, but only after providing the designated depository participant a reasonable opportunity of being heard.
                          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.

                                Suspension or withdrawal of approval: Board may suspend or withdraw DDP approval for non compliance after hearing.

                                The Board may suspend or withdraw approval granted to a designated depository participant where the participant fails to comply with approval conditions or contravenes securities laws or directions, instructions or circulars; such suspension or withdrawal may be ordered without prejudice to other actions, but only after providing the designated depository participant a reasonable opportunity of being heard.


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