Regulation 23 - Manner of making order of cancellation or suspension. - Securities and Exchange Board of India (Foreign Venture Capital Investors) Regulations 2000

Manner of making order of cancellation or suspension. 23. No order of penalty or cancellation of certificate shall be imposed on the Foreign Venture Capital Investor except after holding an enquiry in accordance with the procedure specified in 1 [Chapter V of the Securities and Exchange Board of India (Intermediaries) Regulations, 2008]. ************** NOTES:- 1 Substituted for the Securities and Exchange Board of India (Procedure for Holding Enquiry by Enquiry Officer and Imposing Penalty) Regulations, 2002 by the SEBI (Intermediaries) Regulations, 2008, w.e.f. 26-5-2008. Earlier it was amended by the SEBI (Procedure for Holding Enquiry by Enquiry Officer and Imposing Penalty) Regulations, 2002, w.e.f. 27-9-2002.