Home Acts & Rules SEBI Regulation Securities and Exchange Board of India (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market) Regulations, 2003 Chapters List Chapter III INVESTIGATION This
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Regulation 12 - Suspension or cancellation of registration - Securities and Exchange Board of India (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market) Regulations, 2003Extract Suspension or cancellation of registration 12. (1) The Board may, without prejudice to 1 [ any action under the securities laws or directions or circulars issued thereunder ] , by an order, for reasons to be recorded in writing, in the interests of investors and securities market take the following action against an intermediary : (a) issue a warning or censure (b) suspend the registration of the intermediary; or (c) cancel of the registration of the intermediary Provided that no final order of suspension or cancellation of an intermediary for violation of these regulations shall be passed unless the procedure specified in the regulations applicable to such intermediary under the Securities and Exchange Board of India 2 [ (Intermediaries) Regulations, 2008 ] is complied with. ************** NOTES:- 1. Substituted vide Notification No. SEBI/LAD-NRO/GN/2022/71 dated 25-01-2022 before it was read as the provisions contained in sub-sections (1), (2), (2A) and (3) of section 11 and section 11B of the Act 2. Substituted vide Notification No. SEBI/LAD-NRO/GN/2022/71 dated 25-01-2022 before it was read as (Procedure for Holding Enquiry by Enquiry Officer and Imposing Penalty) Regulations, 2002
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