SEBI proceedings remain valid despite vacancies, defective appointments, or non merit procedural irregularities. No act or proceeding of the Board shall be invalid solely because of a vacancy in, or defect in the constitution of, the Board, a defect in the ... Summary
SEBI proceedings remain valid despite vacancies, defective appointments, or non merit procedural irregularities.
No act or proceeding of the Board shall be invalid solely because of a vacancy in, or defect in the constitution of, the Board, a defect in the appointment of a person acting as a member, or an irregularity in the procedure of the Board not affecting the merits of the case.
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