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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Common orders for similarly situated noticees permit consolidated regulatory action where the subject matter is substantially same or similar. Regulation 29 authorises the competent authority to issue one common order concerning multiple noticees when the matters in question are substantially the ... Summary
Common orders for similarly situated noticees permit consolidated regulatory action where the subject matter is substantially same or similar.
Regulation 29 authorises the competent authority to issue one common order concerning multiple noticees when the matters in question are substantially the same or similar in nature. The mechanism permits consolidated regulatory disposal of connected proceedings rather than individual orders for each noticee. The designation "competent authority" replaced the earlier expression "designated member".
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