Board power to issue directions in securities matters, including market access restrictions and divestment, with hearing safeguards. Regulation authorises the Board to issue directions in the interests of investors and the securities market, suo motu or on information or inspection, including prohibiting market access for a specified period and directing sale or divestment of securities; the Board may also issue any other appropriate direction and must give the person concerned a reasonable opportunity to be heard either before or after issuance, with interim directions permitted subject to post decisional hearing.
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 in securities matters, including market access restrictions and divestment, with hearing safeguards.
Regulation authorises the Board to issue directions in the interests of investors and the securities market, suo motu or on information or inspection, including prohibiting market access for a specified period and directing sale or divestment of securities; the Board may also issue any other appropriate direction and must give the person concerned a reasonable opportunity to be heard either before or after issuance, with interim directions permitted subject to post decisional hearing.
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