Section 27 in Securities and Exchange Board of India (Registrars to an issue and Share Transfer Agents) Regulations, 1993
27. Effect of suspension and cancellation of certificate granted to registrar to an issue or share transfer agent.-
(1)On and from the date of the suspension of the certificate, the registrar to an issue or share transfer agent as the case may be, shall cease to carry on any activity with immediate effect, during the period of suspension.(2)On and from the date of cancellation of the certificate the registrar to an issue or share transfer agent shall with immediate effect cease to carry on any activity.
