Payment of fees and the consequences of failure to pay fees

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..... eriod specified in Schedule II.] (2) Where the applicant fails to pay the fees as provided in sub-regulation (1) read with Schedule II, the Board may suspend the registration certificate, whereupon the applicant shall cease to carry on any activity as a banker to an issue for the period during which the suspension subsists. ******** 1 Substituted by the Securities and Exchange Board .....

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