Suspension of registration for banker-to-an-issue defaults was omitted, ending the former framework of specified regulatory grounds. Regulation 24 governing suspension of registration of a banker to an issue for default was omitted with effect from 27 September 2002. Before omission, ... Summary
Securities And Exchange Board of India (Procedure For Holding Enquiry By Enquiry Officer And Imposing Penalty) Regulations, 2002
Suspension of registration for banker-to-an-issue defaults was omitted, ending the former framework of specified regulatory grounds.
Regulation 24 governing suspension of registration of a banker to an issue for default was omitted with effect from 27 September 2002. Before omission, suspension could apply for regulatory contraventions, failures or inaccuracies in furnishing required information, unresolved investor complaints, unsatisfactory replies to the Board, misconduct contrary to the prescribed code, non-payment of fees, and failure to perform regulatory obligations.
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