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TMI BlogSpecial procedure for action on expulsion from membershipX X X X Extracts X X X X X X X X Extracts X X X X ..... e depository participant agreements with depository (ies) (1) While disposing of the proceedings under this regulation, the Board shall not be bound by the procedure specified in the foregoing provisions of this Chapter. (2) On receipt of intimation from all the stock exchange(s) or clearing corporation(s) of which the stock-broker or clearing member, as the case may be, was a member, that such st ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the date of service thereof, through a written reply, along with documentary evidence, as to why the certificate of registration, granted under the Act or the regulations made thereunder, should not be cancelled. (4) No opportunity of personal hearing shall be granted while disposing of the proceedings under this regulation. (5) After considering the facts and circumstances of the case, material o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... service to the clients; (e) defaults or pending action, if any. (8) On and from the date of cancellation of the certificate, the person concerned shall- (a) return the certificate of registration so cancelled to the Board and shall not represent itself to be a holder of certificate for carrying out the activity for which such certificate had been granted; (b) cease to carry on any activity in resp ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... copy of the order passed under this regulation shall be sent to the noticee and also uploaded on the website of the Board. (10) The intimation of the cancelation of the certificate of registration shall be sent to the stock exchange(s) or the clearing corporation(s) or the depository (ies), as the case may be. ] ************** NOTES:- 1. Inserted vide Notification No. SEBI/LAD-NRO/GN/2021/20 date ..... X X X X Extracts X X X X X X X X Extracts X X X X
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