PROHIBITION OF MANIPULATIVE AND DECEPTIVE DEVICES, INSIDER TRADING AND SUBSTANTIAL ACQUISITION OF SECURITIES OR CONTROLSecurities and Exchange Board of India Act, 1992
PROHIBITION OF MANIPULATIVE AND DECEPTIVE DEVICES, INSIDER TRADING AND SUBSTANTIAL ACQUISITION OF SECURITIES OR CONTROLSecurities and Exchange Board of India Act, 1992
Cognizance of offences: courts may act only on a Board complaint; prior sanction and jurisdiction limits removed. No court may take cognizance of any offence punishable under the Act or rules and regulations except on a complaint by the Board; the prior requirement of ... Summary
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Cognizance of offences: courts may act only on a Board complaint; prior sanction and jurisdiction limits removed.
No court may take cognizance of any offence punishable under the Act or rules and regulations except on a complaint by the Board; the prior requirement of previous sanction of the Central Government and a provision restricting trial to courts inferior to the Court of Session have been omitted.
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