Regulation 25 - Liability for action in case of default - Securities and Exchange Board of India {KYC (Know Your Client) Registration Agency} Regulations, 2011

CHAPTER V PROCEDURE FOR ACTION IN CASE OF DEFAULT Liability for action in case of default 25. A KRA shall be liable for action if it (a) contravenes any of the provisions of the Act, and these regulations; (b) fails to furnish any information relating to its activity as a KRA as required under these regulations; (c) does not co-operate in any inspection or investigation or enquiry conducted by the Board; (d) fails to comply with any direction of the Board; (e) fails to pay the requisite fees to the Board; and shall be dealt with in the manner provided under the Chapter V of the Intermediaries Regulations.