Question
The show cause notice issued under SEBI (Procedure for
Holding Inquiries and Imposing Penalties) 1995 should have a minimum time period ofSolution
Rule 4 of SEBI (Procedure for Holding Inquiries and Imposing Penalties) 1995  In holding an inquiry for the purpose of adjudging under sections 15A, 15B, 15C, 15D, 15E,15EA, 15EB,15F, 15G , 15HA and 15HB whether any person has committed contraventions as specified in any these sections, the Board or the adjudicating officer shall, issue a notice  to such person requiring him to show cause within such period as may be specified in the notice ( being not less than fourteen days from the date of service thereof ) why an inquiry should not be held against him.
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