Board review power to enhance penalties permits increasing an adjudicator's penalty after inquiry, hearing and within a three month limit. The amendment empowers the Board to examine records of proceedings under section 19H and, if it considers an adjudicating officer's order erroneous and not in the interests of the securities market, to enhance the penalty after such inquiry as it deems necessary; the person must be given an opportunity of being heard, and the power is time limited to three months from the order or disposal of the appeal under section 23A, whichever is earlier.
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.
Board review power to enhance penalties permits increasing an adjudicator's penalty after inquiry, hearing and within a three month limit.
The amendment empowers the Board to examine records of proceedings under section 19H and, if it considers an adjudicating officer's order erroneous and not in the interests of the securities market, to enhance the penalty after such inquiry as it deems necessary; the person must be given an opportunity of being heard, and the power is time limited to three months from the order or disposal of the appeal under section 23A, whichever is earlier.
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