Regulatory directions: board may order refunds, restrict market access and freeze transfers to protect investors. Regulation 25 empowers the Board to issue directions to protect securities market investors, including refunds of application monies, restrictions on dealing and market access, restraints on further issuances, orders for sale or divestment, and refusals or freezes on transfers; it also requires the Board to give affected persons an opportunity to be heard, while permitting ex parte directions followed by post decisional hearings where necessary.
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: board may order refunds, restrict market access and freeze transfers to protect investors.
Regulation 25 empowers the Board to issue directions to protect securities market investors, including refunds of application monies, restrictions on dealing and market access, restraints on further issuances, orders for sale or divestment, and refusals or freezes on transfers; it also requires the Board to give affected persons an opportunity to be heard, while permitting ex parte directions followed by post decisional hearings where necessary.
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