Suspension and cancellation penalties required an enquiry under the prescribed procedure before the provision was omitted. Regulation 26 was omitted with effect from 27 September 2002. Before omission, suspension or cancellation penalties could be imposed only after an enquiry ... Summary
Securities And Exchange Board of India (Procedure For Holding Enquiry By Enquiry Officer And Imposing Penalty) Regulations, 2002
Suspension and cancellation penalties required an enquiry under the prescribed procedure before the provision was omitted.
Regulation 26 was omitted with effect from 27 September 2002. Before omission, suspension or cancellation penalties could be imposed only after an enquiry conducted in accordance with the procedure prescribed by Regulation 27. The omission removed this express procedural condition from Regulation 26.
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