Adjudication procedure under SEBI rules establishes inquiry framework and penalty imposition by adjudicating officers for securities breaches. Rules prescribe a statutory framework empowering an adjudicating officer to conduct inquiries and determine imposition of penalties under Chapter VI-A of the Securities and Exchange Board of India Act, 1992, pursuant to the enabling provision in sub section (2) of section 29, thereby establishing the procedural basis for administrative adjudication and sanctioning in the securities regulatory regime.