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..... ing enquiry before suspension or cancellation.─ (1) For the purpose of holding an enquiry under regulation 33, the Board may appoint an enquiry officer. (2) The enquiry officer shall issue to the portfolio manager a notice at the registered office or the principal place of business of the portfolio manager. (3) The portfolio manager may, within thirty days from the date of receipt of such no .....

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..... case through a lawyer or advocate. (6) If it is considered necessary, the enquiry officer may ask the Board to appoint a presenting officer to present its case. (7) The enquiry officer shall, after taking into account all relevant facts and submissions made by the portfolio manager, submit a report to the Board and recommend the penalty to be imposed as also the grounds on the basis of which the p .....

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