Regulation 23, PFRDA (Licensing of Trustees) Regulations, 2023

Opportunity of hearing.—No order under these regulations refusing an application, or otherwise to the prejudice of any trustee, shall be made unless he has been given a notice in writing of not less than thirty days to show cause against the proposed order, has been given a copy of every document on which the order is proposed to be founded, and has been heard if he so desires; and the Central Government shall communicate the order made to him in Form 2 within fifteen days of the order.