TaxTMI 
TaxTMI 
TaxTMI 
THE SCHEDULE [See regulation 21]
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....ct to which registration has been granted; (b) contravenes any of the provisions of the Act, rules or regulations; (c) contravenes the provisions of the Securities Contracts (Regulation) Act or the rules made thereunder; (d) contravenes the provisions of the Depositories Act, 1996 or the rules made thereunder; (e) contravenes the rules, regulations or bye-laws of the stock exchange, shall be dealt with in the manner provided under the Securities and Exchange Board of India (Procedure for Holding Enquiry by Enquiry Officer and Imposing Penalty) Regulations, 2002." 4. Regulations 26 to 32 shall be omitted. PART III AMENDMENT TO THE SECURITIES AND EXCHANGE BOARD OF INDIA (PORTFOLIO MANAGERS) REGULATIONS, 1993 1. In regulation 2, clause (a) shall be omitted. 2. For regulation 28, the following regulation shall be substituted, namely: - Action on inspection or investigation report "28. The Board or the Chairman shall after consideration of inspection or investigation report take such action as the Board or Chairman may deem fit and appropriate including action under the Secu....
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.... Action on inspection or investigation report - The Board or the Chairman shall after consideration of inspection or investigation report take such action as the Board or Chairman may deem fit and appropriate including action under the Securities and Exchange Board of India (Procedure for Holding Enquiry by Enquiry Officer and Imposing Penalty) Regulations, 2002". 3. For regulation 25, the following regulation shall be substituted, namely:- 25. Liability for action in case of default - An underwriter or a stock broker or a merchant banker entitled to carry on business of underwriting who - (a) fails to comply with any conditions subject to which certificate has been granted; (b) contravenes any of the provisions of the Act, rules or regulations, shall be dealt with in the manner provided under the Securities and Exchange Board of India (Procedure for Holding Enquiry by Enquiry Officer and Imposing Penalty) Regulations, 2002." 4. Regulations 26 to 32 shall be omitted. PART VI AMENDMENT TO THE SECURITIES AND EXCHANGE BOARD OF INDIA (DEBENTURE TRUSTEES) REGULATIONS, 1993 1. In regulation 2, clause (b) shall be omitted. 2. For regulation 23, the following regulation shall b....
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....uted, namely:- 21. Liability for action in case of default - A Foreign Institutional Investor who- (a) fails to comply with any condition subject to which certificate has been granted; (b) contravenes any of the provisions of the Act, rules or regulations, shall be dealt with in the manner provided under the Securities and Exchange Board of India (Procedure for Holding Enquiry by Enquiry Officer and Imposing Penalty) Regulations, 2002." 3. Regulations 22 to 29 shall be omitted. PART IX AMENDMENT TO THE SECURITIES AND EXCHANGE BOARD OF INDIA (CUSTODIAN OF SECURITIES) REGULATIONS, 1996 1. In regulation 2, clause (g) shall be omitted. 2. For regulation 25, the following regulation shall be substituted, namely:- 25. Action on inspection or investigation report - The Board or the Chairman shall after consideration of inspection or investigation report take such action as the Board or Chairman may deem fit and appropriate including action under the Securities and Exchange Board of India (Procedure for Holding Enquiry by Enquiry Officer and Imposing Penalty) Regulations, 2002." 3. For regulation 26, the following regulation shall be substituted, namely:- 26. Liability ....
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....mation which is false or misleading in any material particular; does not co-operate in any inspection or investigation or enquiry conducted by the Board; fails to comply with any direction of the Board issued under section 18 of the Depositories Act; fails to pay the annual fee referred to in regulation 8, shall be dealt with in the manner provided under the Securities and Exchange Board of India (Procedure for Holding Enquiry by Enquiry Officer and Imposing Penalty) Regulations, 2002." 4. Regulations 65 to 69 shall be omitted. PART XI AMENDMENT TO THE SECURITIES AND EXCHANGE BOARD OF INDIA (VENTURE CAPITAL FUNDS ) REGULATIONS, 1996 1. In regulation 2, clause (e) shall be omitted. 2. Sub regulations (1) and (2) of regulation 29 shall be omitted and sub- regulation (3) of that regulation shall be re-numbered as regulation 29. 3. For regulation 30, the following regulation shall be substituted, namely:- "30. Liability for action in case of default Without prejudice to the issue of directions or measure under regulation 29, a venture capital fund....
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....ctices relating to Securities Market) Regulations, 1995; (h) is guilty of misconduct or improper or unbusinesslike or unprofessional conduct which is not in accordance with the Code of Conduct specified in the Fifth Schedule; (i) asset management company fails to maintain the net worth in accordance with the provisions of regulation 21; (j) fails to pay any fees; (k) violates the conditions of registration; (l) mutual fund, asset management company or trustees of that mutual fund does not carry out its obligations as specified in these regulations, shall be dealt with in the manner provided under the Securities and Exchange Board of India (Procedure for Holding Enquiry by Enquiry Officer and Imposing Penalty) Regulations, 2002." 4. Regulations 69 to 74 shall be omitted. PART XIII AMENDMENT TO THE SECURITIES AND EXCHANGE BOARD OF INDIA (CREDIT RATING AGENCIES) REGULATIONS, 1999 1. In regulation 2, clause (j) shall be omitted. 2. For regulation 33, the following regulation shall be substituted, namely :- 33. Action on inspection or investigation report - The Board or the Chairman shall after consideration of inspection or investigation report take such action as the Boa....