(1) In these rules, unless the context otherwise requires,—
(a) "Act" means the Depositories Act, 1996 (22 of 1996);
(b) "adjudicating officer" means the officer appointed by the Board as adjudicating officer under section 19H of the Act;
(c) "inquiry" means the inquiry referred in section 19H.
(2) Words and expressions used herein and not defined in these rules but defined in the Depositories Act, 1996 shall have the same meanings respectively assigned to them under that Act Appointment of adjudicating officer for holding inquiry
3. Whenever the Board is of the opinion that there are grounds for adjudging under sections 19A, 19B, 19C, 19D, 19E, 19F and 19G of the Act, it may appoint any of its officer not below the rank of Division Chief to be an adjudicating officer for holding an inquiry for the said purpose.
Holding of inquiry