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Cancellation or suspension of registration
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....a trustee who - (a) fails to comply with any conditions subject to which certificate has been granted; (b) contravenes any of the provisions of the Act, the Securities and Exchange Board of India Act, 1992 (15 of 1992) or the regulations made thereunder - may be cancelled or suspended by the Board: Provided that no such registration shall be cancelled or suspended unless the trustee has been ....