Effect of refusal to grant certificate or expiry of certificate

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... isting intermediary has been refused grant of certificate under these regulations, the intermediary shall: (a) forthwith cease to act as such intermediary; (b) transfer its activities to another intermediary which has been granted a certificate for carrying on such activity and allow its clients or investors to withdraw or transfer their securities or funds held in its custody without any ad .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X