Liability for action in case of default

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..... of the Act and the Depositories Act, if a depository or a participant:- (a) contravenes any of the provisions of the Act, the Depositories Act, the bye-laws, agreements and these regulations; (b) fails to furnish any information relating to its activity as a depository or participant as required under these regulations; (c) does not furnish the information called for by the Board under c .....

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