Regulation 92 - Liability for action in case of default - Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018

CHAPTER X PROCEDURE FOR ACTION IN CASE OF DEFAULT Liability for action in case of default 92. Without prejudice to the power of the Board to take action, under the provisions of the Act and the Depositories Act, if a depository or a participant:- (a) contravenes any of the provisions of the Act, the Depositories Act, the bye-laws, agreements and these regulations; (b) fails to furnish any information relating to its activity as a depository or participant as required under these regulations; (c) does not furnish the information called for by the Board under clause (a) of sub-section (1) of section 18 of the Depositories Act or furnishes information which is false or misleading in any material particular; (d) does not co-operate in any inspection or investigation or enquiry conducted by the Board; (e) fails to comply with any direction of the Board issued under section 18 of the Depositories Act ; (f) fails to pay the annual fee referred to in regulation 8 , shall be dealt with in the manner provided under Chapter V of the Securities and Exchange Board of India (Intermediaries) Regulations, 2008