Obligation of the governing body to take disciplinary action against a member if so directed by the Securities and Exchange Board of India

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..... ]. 11. After receiving the report of the result of an enquiry made under clause (b) of sub-section (3) of section 6 of the Act, the 1[Securities and Exchange Board of India] may take such action as they deem proper and, in particular, may direct the governing body of the stock exchange to take such disciplinary action against the offending member, including fine, expulsion, suspension or any othe .....

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