Liability for action in case of default

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Full Text of the Document

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...., the rules ^1[, regulations or circulars] framed thereunder or these regulations; (b) fails to furnish any information relating to its activity as Vault Manager as required by the Board; (c) furnishes false and misleading information to the Board; (d) does not submit reports as required by the Board; (e) does not co-operate in any ^2[audit,] enquiry or inspecti....