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of <h1>SEBI Regulation 6: Enquiry Officer Can Issue Show Cause Notice, Response Required Within 21 Days, Extensions Possible</h1> Regulation 6 of the Securities and Exchange Board of India (SEBI) outlines the procedure for issuing a notice in enquiry proceedings. When an Enquiry Officer is appointed, they may issue a show cause notice to an intermediary, specifying alleged contraventions and requiring a response within a specified period, not exceeding 21 days. The intermediary can submit a written statement and indicate if they wish to be heard in person. The notice must include relevant documents and findings from any investigation. The Enquiry Officer may extend the response time for valid reasons, which must be documented in writing.
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