Securities and Exchange Board of India (Procedure for Holding Enquiry by Enquiry Officer and Imposing Penalty) (Amendment) Regulations, 2003. - F.No. SEBI/LAD/DOP/22093/2003 - SEBI
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Notice requirements for enquiries: intermediary must receive detailed notice with documents and indicate desire to be heard. Where an enquiry is proposed against an intermediary, a Board officer designated by the Chairman or Member must issue a notice stating the alleged contraventions and annex copies of relied upon documents and extracts of investigation or inspection findings. The notice must require the intermediary to submit a written statement to the enquiry officer (within a period ordinarily not exceeding twenty one days) and to specify whether they desire to be heard in person. The amendment also inserts a requirement that submissions under regulation 8 be made to the enquiry officer and adjusts a cross reference in regulation 16(5).
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Provisions expressly mentioned in the judgment/order text.
Notice requirements for enquiries: intermediary must receive detailed notice with documents and indicate desire to be heard.
Where an enquiry is proposed against an intermediary, a Board officer designated by the Chairman or Member must issue a notice stating the alleged contraventions and annex copies of relied upon documents and extracts of investigation or inspection findings. The notice must require the intermediary to submit a written statement to the enquiry officer (within a period ordinarily not exceeding twenty one days) and to specify whether they desire to be heard in person. The amendment also inserts a requirement that submissions under regulation 8 be made to the enquiry officer and adjusts a cross reference in regulation 16(5).
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