Disgorgement power expanded: directs wrongful gains and avoided losses to be returned for contraventions under securities law. Section 11B is amended to state that the power to issue directions includes the authority to require any person who made profit or averted loss by contravening the Act or its regulations to disgorge an amount equivalent to the wrongful gain or loss avoided.
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.
Disgorgement power expanded: directs wrongful gains and avoided losses to be returned for contraventions under securities law.
Section 11B is amended to state that the power to issue directions includes the authority to require any person who made profit or averted loss by contravening the Act or its regulations to disgorge an amount equivalent to the wrongful gain or loss avoided.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
