SEBI proceedings remain valid despite vacancies, defective appointments, or non merit procedural irregularities. No act or proceeding of the Board shall be invalid solely because of a vacancy in, or defect in the constitution of, the Board, a defect in the appointment of a person acting as a member, or an irregularity in the procedure of the Board not affecting the merits of the case.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
SEBI proceedings remain valid despite vacancies, defective appointments, or non merit procedural irregularities.
No act or proceeding of the Board shall be invalid solely because of a vacancy in, or defect in the constitution of, the Board, a defect in the appointment of a person acting as a member, or an irregularity in the procedure of the Board not affecting the merits of the case.
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