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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Certificate cancellation procedure requires written response, conditional personal hearing, and timely orders after designated-authority recommendations. Upon receipt of a designated authority's report, the competent authority must provide the report to the noticee and invite written representations on ... Summary
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Certificate cancellation procedure requires written response, conditional personal hearing, and timely orders after designated-authority recommendations.
Upon receipt of a designated authority's report, the competent authority must provide the report to the noticee and invite written representations on proposed measures or other contemplated action. The noticee has the period specified in the notice, capped at twenty-one days from service, to file a response and supporting material; a reasoned extension may be granted on request. The matter may be remitted for fresh or further enquiry. A personal hearing may be granted in cancellation cases, and an appropriate order should be endeavoured within one hundred and twenty days from the later written submission or hearing.
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