Securities and Exchange Board of India (Procedure for Holding Enquiry by Enquiry Officer and Imposing Penalty) (Second Amendment) Regulations, 2005

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..... conferred by section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby makes the following Regulations to further amend the Securities and Exchange Board of India (Procedure for Holding Enquiry by Enquiry Officer and Imposing Penalty) Regulations, 2002, namely :- 1. 1[These regulations may be called the Securities and Exchange Board of India (Procedure for .....

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..... for sufficient reasons to be recorded in writing."; (iii) in regulation 8- (a) the word "shall" occurring after the words "has been issued" and before the words "submit to the enquiry officer" shall be substituted with the word "may"; (b) in the proviso, after the words "for sufficient reasons" and before the comma, the following words shall be inserted, namely "to be recorded in writing"; (i .....

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..... one hundred and twenty days from the date of receipt of reply of the intermediary."; (d) after sub-regulation (4), the following explanation shall be inserted, namely:- "Explanation: For the purposes of this sub-regulation, "the date of receipt of reply of the intermediary" includes the date on which the intermediary makes oral submissions in a hearing before the Chairman or Member, if granted .....

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..... tions, 2002 were subsequently amended- a. On November 27, 2003 by the Securities and Exchange Board of India (Procedure for Holding Enquiry by Enquiry Officer and Imposing Penalty) (Amendment) Regulations, 2003 vide F. No.SEBI/LAD/DOP/22093/2003). b. On December 30, 2003 by the Securities and Exchange Board of India (Procedure for Holding Enquiry by Enquiry Officer and Imposing Penalty) (Second .....

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