Cancellation of registration: SEBI may issue No Due Certificate after required confirmations, documents and settlement of outstanding fees. Exchanges must request SEBI cancellation and issue of a No Due Certificate upon surrender of membership, confirming the broker owes no amount to SEBI, is disabled from trading, is not connected to defaulting members, has given an undertaking to remain liable for violations, and that no complaints, proceedings or investigations are pending; the request must include the original registration certificate (or indemnity), turnover details, and confirmations. SEBI may cancel registration and issue the certificate subject to remittance of accrued fees, provision of an undertaking to pay further fees or interest, and withholding of the member's security deposit until dues are cleared.
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.
Cancellation of registration: SEBI may issue No Due Certificate after required confirmations, documents and settlement of outstanding fees.
Exchanges must request SEBI cancellation and issue of a No Due Certificate upon surrender of membership, confirming the broker owes no amount to SEBI, is disabled from trading, is not connected to defaulting members, has given an undertaking to remain liable for violations, and that no complaints, proceedings or investigations are pending; the request must include the original registration certificate (or indemnity), turnover details, and confirmations. SEBI may cancel registration and issue the certificate subject to remittance of accrued fees, provision of an undertaking to pay further fees or interest, and withholding of the member's security deposit until dues are cleared.
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