GIC units may face enforcement for regulatory breaches but must be given a reasonable opportunity to be heard via written submissions. The Authority may take enforcement action against a GIC Unit for breaches of the Regulations or associated circulars, guidelines or directions, but must first afford the unit a reasonable opportunity of being heard by permitting written submissions before initiating any measure.
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.
GIC units may face enforcement for regulatory breaches but must be given a reasonable opportunity to be heard via written submissions.
The Authority may take enforcement action against a GIC Unit for breaches of the Regulations or associated circulars, guidelines or directions, but must first afford the unit a reasonable opportunity of being heard by permitting written submissions before initiating any measure.
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