TMI BlogSecurities and Exchange Board of India (Intermediaries) (Amendment) Regulations, 2021X X X X Extracts X X X X X X X X Extracts X X X X ..... Securities and Exchange Board of India (Intermediaries) (Amendment) Regulations, 2021. 2. They shall come into force on the date of their publication in the Official Gazette. 3. In the Securities and Exchange Board of India (Intermediaries) Regulations, 2008 , - (I) The regulation 25 , shall be substituted by the following, namely: Holding of enquiry 25. (1) The designated authority shall issue a notice to a person against whom an enquiry has been initiated, to show cause as to why the action, as contemplated against such person should not be recommended. (2) The noticee shall be called upon to submit, within a period to be specified in the notice, not exceeding twenty-one days from the date of service thereof, a wri ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d to pay the registration fee or any other applicable fees to the Board as per the provisions of the relevant regulations or the notice has been declared a wilful defaulter or a fugitive economic offender. (7) If the noticee does not reply to the notice issued under sub-regulation (1) or fails to appear on the scheduled date of hearing and the designated authority is satisfied that sufficient opportunity has been given to the noticee, the designated authority may conclude the proceedings after recording the reasons for doing so, on the basis of the material available on record. (II) The regulation 26 , shall be substituted by the following, namely:- Recommendation of action 26. (1) After considering the material available on ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ty, the designated member shall cause to forward a copy of the report submitted by the designated authority and call upon the noticee to make its submission, in writing, as to why the measures recommended by the designated authority or any other action as contemplated in these regulations, should not be taken. (2) The noticee shall submit, within a period as specified in the notice, but not exceeding twenty-one days from the date of service thereof, a written submission, along with documentary evidence, if any, in support of the written submission: Provided that upon the request of the noticee, the designated member, after recording reasons, in writing may cause to extend the time specified for submitting reply to the notice. (3) A ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2008 vide notification No. LAD-NRO/GN/2008/11/126538. 2. The Securities and Exchange Board of India (Intermediaries) Regulations, 2008 was subsequently amended on:- a. August 11, 2008 by the Securities and Exchange Board of India (Stock Brokers and Sub-Brokers) (Amendment) Regulations, 2008, vide notification No. LADNRO/ GN/2008/20/134766. b. July 14, 2009 by the Securities and Exchange Board of India (Intermediaries) (Amendment) Regulations, 2009, vide notification No. LAD-NRO/GN/2009-10/12/169546. c. January 7, 2014 by the Securities and Exchange Board of India (Foreign Portfolio Investors) Regulations, 2014, vide notification No. LAD-NRO/GN/2013-14/36/12. d. May 25, 2016 by the Securities and Exchange Board of India (Inte ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
