Regulatory directions empower issuing delisting, winding up, asset sale or market prohibition against InvITs after inspection and hearing. The regulator may, after considering an inspection report and giving the InvIT and relevant parties a reasonable opportunity of hearing, issue directions in the interest of the securities market or investors, including requiring delisting and surrender of registration, winding up the InvIT, sale of assets, mandating actions for investor protection, or prohibiting operation in or access to the capital market for a specified period.
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.
Regulatory directions empower issuing delisting, winding up, asset sale or market prohibition against InvITs after inspection and hearing.
The regulator may, after considering an inspection report and giving the InvIT and relevant parties a reasonable opportunity of hearing, issue directions in the interest of the securities market or investors, including requiring delisting and surrender of registration, winding up the InvIT, sale of assets, mandating actions for investor protection, or prohibiting operation in or access to the capital market for a specified period.
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 
