Part XIV - AMENDMENTS TO CERTAIN ACTS TO PROVIDE FOR MERGER OF TRIBUNALS AND OTHER AUTHORITIES AND CONDITIONS OF SERVICE OF CHAIRPERSONS, MEMBERS, ETC. (From Section 156 to Section 189)
Adjudicating officer powers clarified: penalty adjudication under specified SEBI provisions is governed by section 15J. An Explanation is inserted into section 15J clarifying that the power of an adjudicating officer to adjudge the quantum of penalty under the specified penalty provisions shall be and shall always be deemed to have been exercised under the provisions of section 15J, thereby confirming that those penal determinations are governed by section 15J.
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Provisions expressly mentioned in the judgment/order text.
Adjudicating officer powers clarified: penalty adjudication under specified SEBI provisions is governed by section 15J.
An Explanation is inserted into section 15J clarifying that the power of an adjudicating officer to adjudge the quantum of penalty under the specified penalty provisions shall be and shall always be deemed to have been exercised under the provisions of section 15J, thereby confirming that those penal determinations are governed by section 15J.
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