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 cancellation, suspension, prohibitions, debarment, or censure after consideration of record and response. Regulation 26 permits the designated authority, after considering the record and the noticee's reply, to recommend closure without adverse action, ... Summary
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Regulatory action recommendations permit cancellation, suspension, prohibitions, debarment, or censure after consideration of record and response.
Regulation 26 permits the designated authority, after considering the record and the noticee's reply, to recommend closure without adverse action, cancellation or suspension of registration, prohibition on new assignments or schemes, debarment, or regulatory censure. Censure may be recommended up to five times for the same certificate of registration, following which more serious action may be considered. The authority must endeavour to submit its report within 120 days from the later of the reply to the notice or the personal hearing.
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