Competent authority designation allows the Board to approve initiation of proceedings against registered intermediaries for specified defaults. Amendment replaces 'designated member' with competent authority, defined as a Whole Time Member or a Board officer not below Chief General Manager, and provides that the Board may approve initiation of proceedings for defaults specified in regulation 23 against persons granted a certificate of registration under the Act and regulations.
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.
Competent authority designation allows the Board to approve initiation of proceedings against registered intermediaries for specified defaults.
Amendment replaces "designated member" with competent authority, defined as a Whole Time Member or a Board officer not below Chief General Manager, and provides that the Board may approve initiation of proceedings for defaults specified in regulation 23 against persons granted a certificate of registration under the Act and regulations.
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