Situations when summary procedure to be followed

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..... y under Chapter II in relation to an intermediary where - (a) such intermediary has been declared insolvent or is wound up; (b) such intermediary fails to pay the registration, renewal or annual fees to the Board as per the provisions of the relevant Regulations; (c) such intermediary, being a Stock-broker, ceases to be a member of a recognised stock exchange or has been .....

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..... ot satisfy the capital adequacy norms as specified in the relevant Regulations; (h) its proprietor or any of its partners or whole-time directors is convicted by a court of competent jurisdiction of an offence involving moral turpitude; (i) 2 [***] (j) such intermediary admits to have violated the provisions of the relevant Regulations; (k) in any other situa .....

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