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of <h1>Amendment to SEBI Act Section 11B: Authority to Disgorge Profits from Violations Now Explicitly Recognized by 2014 Update.</h1> In the Securities and Exchange Board of India Act, 1992, an amendment to section 11B clarifies that the power to issue directions includes the authority to order any individual who gained profit or avoided loss through transactions or activities violating the Act or its regulations to disgorge an amount equivalent to the wrongful gain or loss averted. This amendment, introduced by the Securities Laws (Amendment) Act, 2014, ensures that such powers are explicitly recognized as part of the regulatory framework.
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