Section 30 in Securities and Exchange Board of India (Custodian) Regulations, 1996
30. Show-cause notice and order.
(1)On receipt of the report from the enquiry officer, the Board shall consider the same and issue to the [custodian] [Substituted 'custodian of securities' by Notification No. SEBI/LAD-NRO/GN/2019/01, dated 1.1.2019 (w.e.f. 16.5.1996).] a show-cause notice as to why the penal action as proposed by the enquiry officer should not be taken against it.
