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..... der: 23. Suspension, cancellation of certificate.─ (1) A penalty of suspension of certificate granted to a registrar to an issue or share transfer agent may be imposed if they (i) violate the provisions of the Act, rules and regulations; (ii) do not follow the code of conduct specified at Schedule III; (iii) (a) fail to furnish any information related to their activities or transactions in s .....

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..... f cancellation of certificate on the registrar to an issue or share transfer agent. (2) A penalty of cancellation of certificate granted to a registrar to an issue or share transfer agent may be imposed if they (i) indulge in deliberate manipulation or price rigging or cornering activities affecting the securities market and the investors interest; (ii) violate the provisions of the Act, rules and .....

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