Liability for action in case of default

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....med thereunder or these regulations; (b) fails to furnish any information relating to his activity as ^3A[custodian] as required by the Board; (c) furnishes to the Board information which is false and misleading in any material particular; (d) does not submit periodic returns or reports as required by the Board; (e) does not co-operate in any enquiry or inspecti....

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....under: "26. Suspension of certificate. The Board may suspend the certificate granted to a custodian of securities where the custodian of securities: (a) contravenes any of the provisions of the Act, the rules framed thereunder or these regulations; (b) fails to furnish any information relating to his activity as custodian of securities as required by the Board; ....