Securities and Exchange Board of India (Intermediaries) Regulations, 2008 Chapter V ACTION IN CASE OF DEFAULT AND MANNER OF SUSPENSION OR CANCELLATION OF CERTIFICATE
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Summary proceedings for intermediaries require written submissions and permit suspension or cancellation without personal hearing. Regulation 30A prescribes a summary procedure for specified defaults by intermediaries whereby the competent authority issues notice of grounds and requires a written response with documentary evidence within twenty-one days (with one extension up to fifteen days), without personal hearing; after submissions or expiry it shall endeavor to pass an order within twenty-one days to cancel, suspend or otherwise regulate the certificate of registration and may impose conditions and require arrangements for record preservation, client asset transfer and investor protection.
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.
Summary proceedings for intermediaries require written submissions and permit suspension or cancellation without personal hearing.
Regulation 30A prescribes a summary procedure for specified defaults by intermediaries whereby the competent authority issues notice of grounds and requires a written response with documentary evidence within twenty-one days (with one extension up to fifteen days), without personal hearing; after submissions or expiry it shall endeavor to pass an order within twenty-one days to cancel, suspend or otherwise regulate the certificate of registration and may impose conditions and require arrangements for record preservation, client asset transfer and investor protection.
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