Chapter VII - RIGHTS AND OBLIGATIONS OF DEPOSITORIES, PARTICIPANTS, ISSUERS, MANNER OF SURRENDER OF CERTIFICATE OF SECURITY AND CREATION OF PLEDGE OR HYPOTHECATION (From Regulation 40 to Regulation 82AA)
Board power to issue directions enables divestment, fund transfers and market debarment to protect investors and markets. SEBI under Regulation 95 could, suo motu or on information or during or after inspections, issue directions in the interest of public, trade, investors or the securities market. The Board's specified measures included ordering divestment of equity holdings held in contravention of the Regulations, directing transfer of proceeds or securities to a depository's Investor Protection Fund, and debarring depositories, shareholders, associates, agents, transferees, applicants, directors or key management personnel from accessing the securities market or dealing in securities for periods determined by the Board.
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 power to issue directions enables divestment, fund transfers and market debarment to protect investors and markets.
SEBI under Regulation 95 could, suo motu or on information or during or after inspections, issue directions in the interest of public, trade, investors or the securities market. The Board's specified measures included ordering divestment of equity holdings held in contravention of the Regulations, directing transfer of proceeds or securities to a depository's Investor Protection Fund, and debarring depositories, shareholders, associates, agents, transferees, applicants, directors or key management personnel from accessing the securities market or dealing in securities for periods determined by the Board.
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