Adjudication factors expanded: penalty quantum now assessed by Board or adjudicating officer under relevant SEBI provisions. The amendment to section 15J replaces its marginal heading to focus on factors for adjudging penalty quantum, expands the provision to include the Board and the statutory enforcement provisions connected to sections 11 and 11B alongside the adjudicating officer, and omits the phrase in the Explanation that referred specifically to an adjudicating officer.
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Provisions expressly mentioned in the judgment/order text.
Adjudication factors expanded: penalty quantum now assessed by Board or adjudicating officer under relevant SEBI provisions.
The amendment to section 15J replaces its marginal heading to focus on factors for adjudging penalty quantum, expands the provision to include the Board and the statutory enforcement provisions connected to sections 11 and 11B alongside the adjudicating officer, and omits the phrase in the Explanation that referred specifically to an adjudicating officer.
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