Action by the Board.

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..... er section 11, 11B, and/or section 24 of the Act and/or under Chapter VIA of the Act including passing an order to: (a) suspend the launching of any scheme of a mutual fund for a period not exceeding one year for violation of any of the provisions of these regulations; (b) forfeit the amount invested by an asset management company in any of its schemes as required under sub-regulation (16A) .....

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..... procedure under this Chapter. (3) The Board may during the pendency of any proceeding of suspension or cancellation under this Chapter also order suspension for launching of any scheme not exceeding three months without following procedure under this Chapter : Provided that no order shall be passed without giving an opportunity of hearing. - - statute, statutory provisions legislation, .....

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