Regulation 24 - Regulation - PROCEDURE FOR ACTION IN CASE OF DEFAULT - Securities and Exchange Board of India (Foreign Venture Capital Investors) Regulations 2000 - Regulation 24 - 1[****] **** 1 omitted by the SEBI (Procedure for Holding Enquiry by Enquiry Officer and Imposing Penalty) Regulations, 2002, w.e.f. 27-9-2002. Prior to its omission, it read as under: 24. Manner of holding enquiry before suspension or cancellation.─ (1) For the purpose of holding an enquiry under regulation 23, the Board may appoint one or more enquiry officers. (2) The enquiry officer shall issue to the Foreign Venture Capital Investors, at its registered office or its principal place of business or its agent or representative in India, a notice setting out the grounds on which action is proposed to be taken against it and calling upon it to show cause against such action within a period of fourteen days from the date of receipt of the notice. (3) The Foreign Venture Capital Investor may, within fou

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