Liability for action in case of default

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..... rnish any information or furnishes wrong information relating to its activity as a mutual fund as required under these regulations; (c) fails to submit periodical returns as required under these regulations; (d) does not co-operate in any inquiry or inspection conducted by the Board; (e) fails to comply with any directions of the Board issued under the provisions of the Act or the regulations; (f) .....

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..... nagement company or trustees of that mutual fund does not carry out its obligations as specified in these regulations, shall be dealt with in the manner provided under 2 [ Chapter V of the Securities and Exchange Board of India (Intermediaries) Regulations, 2008 ].] ************** NOTES:- 1 Substituted by the SEBI (Procedure for Holding Enquiry by Enquiry Officer and Imposing Penalty) Regulations, .....

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..... ractices in securities; Explanation: For the purpose of this clause unfair trade practices has the same meaning as in Securities Exchange Board of India (Fraudulent and Unfair Trade Practices in Securities Market) Regulations, 1995; (h) is guilty of misconduct or improper or unbusinesslike or unprofessional conduct which is not in accordance with the Code of Conduct specified in the Fifth Schedule .....

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