Liability for action in case of default

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..... comply with any conditions subject to which registration has been granted; (b) contravenes any of the provisions of the Act, rules or regulations; (c) contravenes the provisions of the Securities Contracts (Regulation) Act, 1956 (42 of 1956) or the rules made thereunder; (d) contravenes the provisions of the Depositories Act, 1996 or the rules made thereunder; (e) contravenes the rules, regulatio .....

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..... avenes the rules, regulations or bye-laws of the stock exchange, shall be liable to any of the penalties specified in sub-regulation (2). (2) The penalties referred to in sub-regulation (1) may either be:- (a) suspension of registration after the inquiry for a specified period; or (b) cancellation of registration. 2 Substituted for the Securities and Exchange Board of India (Procedure for Holding .....

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