Application to conform to the requirements

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.... not complete in all respects or is false or misleading in any material particular or does not satisfy the requirements specified in these regulations shall be deemed to be deficient and liable to be rejected by the designated depository participant:  Provided that before rejecting any such application, the applicant shall be given a reasonable opportunity of being heard and to remove the ....

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....nformation, documents, including non-payment of specified fee.  (4) The Board shall, after considering the submissions made in the application seeking reconsideration made under sub-regulation (3) and after giving a reasonable opportunity of being heard, communicate its decision in writing to the applicant.]     ************* NOTES:- 1. Substituted vide Notifica....