Registration refusal procedure requires written representation opportunity and prompt communication of the Board's decision to applicants. The Board may reject a registration application after evaluation only after giving the applicant a reasonable opportunity to make a written ... Summary
Securities and Exchange Board of India (Vault Managers) Regulations, 2021
Registration refusal procedure requires written representation opportunity and prompt communication of the Board's decision to applicants.
The Board may reject a registration application after evaluation only after giving the applicant a reasonable opportunity to make a written representation; the Board's decision to reject must be communicated to the applicant within a specified timeframe, creating a procedural requirement for notice and timely notification of refusal.
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