Home Acts & Rules SEBI Old-Provisions Securities And Exchange Board of India (Procedure For Holding Enquiry By Enquiry Officer And Imposing Penalty) Regulations, 2002 Chapters List Chapter IV MISCELLANEOUS AND CONSEQUENTIAL PROVISIONS This
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Regulation 19 - Effect of debarment, suspension and cancellation order - Securities And Exchange Board of India (Procedure For Holding Enquiry By Enquiry Officer And Imposing Penalty) Regulations, 2002Extract Effect of debarment, suspension and cancellation order 19. (1) On and from the date of debarment or suspension of the certificate, the intermediary shall not undertake any new assignment or contract or launch any new scheme and shall cease to carry on any activity as an intermediary during the period of such debarment or suspension and shall be subject to such other directions of the Board including directions relating to any records, documents or securities or money of the investors that may be in the custody or the control of such intermediary. (2) On and from the date of cancellation of the certificate, the intermediary shall, with immediate effect, cease to carry on any activity as an intermediary and shall be subject to the directions of the Board with regard to the transfer of any records, documents or securities or money of the investors that may be in the custody or control of such intermediary
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