Action in case of default

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....Stock Exchanges) Regulations, 2006<br>13. Action in case of default. - Without prejudice to power to impose monetary penalty, initiate prosecution or issue directions under the provisions of the Ac....

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....ontravention of regulations 8 or 9 to divest his holding, in such manner as may be specified in the direction; (c) directing transfer of any proceeds or securities to the investors protection fund ....