Introducing the “In Favour Of” filter in Case Laws.
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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>SEBI holds exclusive authority to initiate criminal proceedings for securities law violations under 1992 Act</h1> Courts cannot take cognizance of offences under the Securities and Exchange Board of India Act, 1992 or its rules and regulations except on complaint made by the Board. The provision originally required prior Central Government sanction for complaints, which was removed in 1995. Another subsection restricting trial of offences to courts not inferior to Session Courts was omitted in 2014. The section establishes the Board's exclusive authority to initiate criminal proceedings for violations under the Act.
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