Omitted

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..... 27-9-2002. Prior to their omission, regulation read as under: "23. Suspension, cancellation of certificate.─ (1) A penalty of suspension of certificate granted to a registrar to an issue or share transfer agent may be imposed if they - (i) violate the provisions of the Act, rules and regulations; (ii) do not follow the code of conduct specified at Schedule III; (iii) (a) fai....

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....s to be recorded in writing may in case of repeated defaults of the type mentioned above impose a penalty of cancellation of certificate on the registrar to an issue or share transfer agent. (2) A penalty of cancellation of certificate granted to a registrar to an issue or share transfer agent may be imposed if they - (i) indulge in deliberate manipulation or price rigging or cornering activ....