Summary procedure governs disposal of pending intermediary penalty proceedings initiated under the repealed enquiry framework. Summary procedure applies to proceedings initiated under Chapter III of the former Securities and Exchange Board of India (Procedure for Holding Enquiry ... Summary
Summary procedure governs disposal of pending intermediary penalty proceedings initiated under the repealed enquiry framework.
Summary procedure applies to proceedings initiated under Chapter III of the former Securities and Exchange Board of India (Procedure for Holding Enquiry by Enquiry Officer and Imposing Penalty) Regulations, 2002 before the Securities and Exchange Board of India (Intermediaries) Regulations, 2008 came into force. Such pending proceedings must be disposed of under Chapter VA despite other provisions of the Intermediaries Regulations.
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