Omitted

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..... nder: Effect of refusal to grant certificate. 10. Any scheduled bank whose application for a certificate has been refused by the Board shall on and from the date of the receipt of the communication under sub-regulation (2) of regulation 9 cease to carry on any activity as banker to an issue. 2 Omitted by the Securities and Exchange Board of India (Change In Conditions Of Registration Of Certain In .....

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