Regulatory penalty power expanded: authority may levy monetary penalties after prescribed inquiry procedures and settlement recognition. Amendment adds sub-section (4A) to section 11 authorising the Board to levy penalties under specified sections by order, for reasons recorded in writing, only after holding an inquiry in the prescribed manner; it preserves existing powers under related provisions. It also amends sub-section (5) to recognise penalties tied to specified settlements under related securities and depository statutes.
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Provisions expressly mentioned in the judgment/order text.
Regulatory penalty power expanded: authority may levy monetary penalties after prescribed inquiry procedures and settlement recognition.
Amendment adds sub-section (4A) to section 11 authorising the Board to levy penalties under specified sections by order, for reasons recorded in writing, only after holding an inquiry in the prescribed manner; it preserves existing powers under related provisions. It also amends sub-section (5) to recognise penalties tied to specified settlements under related securities and depository statutes.
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