Amendment to Section 23M adds SEBI alongside adjudicating officer and singularises subsection (2) wording language. Amendment revises Section 23M to include the Securities and Exchange Board of India alongside the adjudicating officer by inserting the words 'or the Securities and Exchange Board of India' after each occurrence of 'adjudicating officer,' and it replaces the plural phrase in subsection (2) with the singular 'the direction or order' to clarify the subsection's reference.
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Amendment to Section 23M adds SEBI alongside adjudicating officer and singularises subsection (2) wording language.
Amendment revises Section 23M to include the Securities and Exchange Board of India alongside the adjudicating officer by inserting the words "or the Securities and Exchange Board of India" after each occurrence of "adjudicating officer," and it replaces the plural phrase in subsection (2) with the singular "the direction or order" to clarify the subsection's reference.
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