Liability for Action in case of default.

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..... 1995
CHAPTER V PROCEDURE FOR ACTION IN CASE OF DEFAULT 1[Liability for Action in case of default. 21. A Foreign Institutional Investor who contravenes any of the provisions of the Act, rules or .....

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..... and Imposing penalty) Regulations, 2002, w.e.f. 27-9-2002, read as under: A Foreign Institutional Investor who - (a) fails to comply with any condition subject to which certificate has been grante .....

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