Home Acts & Rules SEBI Regulation Securities and Exchange Board of India (Appointment of Administrator and Procedure for Refunding to the Investors) Regulations, 2018 Chapters List Chapter I Preliminary This
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Regulation 3 - Applicability. - Securities and Exchange Board of India (Appointment of Administrator and Procedure for Refunding to the Investors) Regulations, 2018Extract Applicability . 3. (1) These regulations shall be applicable for all or any of the following: a. appointment of Administrator pursuant to failure to comply with disgorgement or refund orders passed by the Board; b. sale of properties attached by the Recovery Officer of the Board under the Act; c. collection of claim documents and verification of claims of investors for the purpose of effecting refunds; d. refund of monies to the investors pursuant to disgorgement or refund orders passed by the Board; e. recovery of disgorgement amounts directed by the Board; f. any act incidental or connected thereto. (2) Unless otherwise specifically ordered, these regulations shall not be applicable to cases where the Securities Appellate Tribunal or a Court has appointed an administrator or any other person for the purposes of recovery and/or repayment to investors. (3) The provisions of these regulations shall apply mutatis mutandis in respect of the proceedings under the Securities Contracts (Regulation) Act, 1956 or the Depositories Act, 1996 .
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