Special procedure for expulsion: expedited cancellation process with written submissions and no personal hearing, plus investor protection conditions. A special procedure allows the Board, upon intimation of expulsion or termination by all relevant exchanges, clearing corporations or depositories, to issue a notice for written submissions and documentary evidence within a limited period and to decide on cancellation of the certificate of registration without granting any personal hearing. The Board shall endeavour to pass an order promptly, may impose investor-protection conditions, require demonstration of arrangements for record preservation, client fund and securities transfer, grievance redressal and continuity of service, and will notify the noticee and the relevant market entities.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Special procedure for expulsion: expedited cancellation process with written submissions and no personal hearing, plus investor protection conditions.
A special procedure allows the Board, upon intimation of expulsion or termination by all relevant exchanges, clearing corporations or depositories, to issue a notice for written submissions and documentary evidence within a limited period and to decide on cancellation of the certificate of registration without granting any personal hearing. The Board shall endeavour to pass an order promptly, may impose investor-protection conditions, require demonstration of arrangements for record preservation, client fund and securities transfer, grievance redressal and continuity of service, and will notify the noticee and the relevant market entities.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
AI OCR ✕
of 
TaxTMI 
TaxTMI 
