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of <h1>SEBI Amends 2002 Regulations: Removes 'Warning or' from Penalty Clause to Streamline Compliance Process.</h1> The Securities and Exchange Board of India (SEBI) has amended the 2002 regulations concerning the procedure for holding enquiries by an enquiry officer and imposing penalties. Effective upon publication in the Official Gazette, the amendment removes the words 'warning or' from regulation 13, sub-regulation (1), clause (a), sub-clause (i) before the word 'censure.' This change is part of ongoing amendments to refine the regulatory framework, with previous amendments made in 2003 and 2004. The amendment aims to streamline the process and clarify the penalties applicable under the SEBI regulations.
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