Regulation 25 - Liability for contravention of the Act, rules or the regulations - Securities and Exchange Board of India (Stock Brokers) Regulations, 1992

CHAPTER VI PROCEDURE FOR ACTION IN CASE OF DEFAULT 1 [Liability for contravention of the Act, rules or the regulations. 25. A stock broker 3 [ **** ] who contravenes any of the provisions of the Act, rules or regulations framed thereunder shall be liable for any one or more of the following actions- (i) Monetary penalty under Chapter VIA of the Act. (ii) Penalties as specified under 2 [Chapter V of the Securities and Exchange Board of India (Intermediaries) Regulations, 2008] including suspension or cancellation of certificate of registration as a stock broker 3 [ **** ] , (iii) Prosecution under section 24 of the Act. ************* NOTES:- 1 Regulations 25 to 28 substituted for regulation 25 by the SEBI (Stock Brokers and Sub-brokers) (Amendment) Regulations, 2003, w.e.f. 20-11-2003. 2 Substituted by the SEBI (Intermediaries) Regulations, 2008, w.e.f. 26-05-2008. 3. Omitted vide Notification No. SEBI/LAD-NRO/GN/2018/27 dated 30-07-2018 w.e.f. 01-04-2019 before it was read as or a sub-broker