Securities and Exchange Board of India (Intermediaries) Regulations, 2008 Chapter V ACTION IN CASE OF DEFAULT AND MANNER OF SUSPENSION OR CANCELLATION OF CERTIFICATE
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Regulatory action recommendations permit suspension, cancellation, market restrictions, debarment, or censure following consideration of record and reply. Regulation 26 permits recommendations ranging from no adverse action to cancellation or suspension of registration, restrictions on new assignments or ... Summary
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.
Regulatory action recommendations permit suspension, cancellation, market restrictions, debarment, or censure following consideration of record and reply.
Regulation 26 permits recommendations ranging from no adverse action to cancellation or suspension of registration, restrictions on new assignments or schemes, officer or branch debarment, and regulatory censure. Censure is limited to five recommendations for the same registration certificate, after which more severe measures may be considered. The designated authority must endeavour to submit its report within 120 days from the later of the noticee's reply or personal hearing.
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