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Regulation 14 - Omitted - Securities and Exchange Board of India (Stock Brokers) Regulations, 1992Extract 1 [ **** ] *********** NOTES:- 1. Omitted vide Notification No. SEBI/LAD-NRO/GN/2018/27 dated 30-07-2018 w.e.f. 01-04-2019 before it was read as, Effect of refusal. 14. A person whose application for grant of a certificate has been refused by the Board shall, on and from the date of the communication of refusal under regulation 13, cease to carry on any activity as a sub-broker.
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