Investor Presentaiton

set aside the order of penalty and remand the case to the competent authority, with the directions to either to -hold a de novo inquiry or ―rectify the procedural lapses or irregularities Provided that where the appellate or review authority proposes to enhance the penalty, it shall by an order in writing- - inform the accused of the action proposed to be taken against him and the grounds of such action; - give him a reasonable opportunity to show cause against the action and afford him an opportunity of personal hearing either itself or through a hearing officer.

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