Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations, 2008 Chapter VI PROCEDURE FOR ACTION IN CASE OF VIOLATION OF REGULATIONS
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Directions by the Board can restrict market access and mandate refunds where securities regulations are breached. Directions by the Board empower the securities regulator to issue measures in the interests of the securities market-including refunds of application monies, bans on dealing or market access, restraints on further issues, orders to sell or divest securities, and freezing or withholding transfer-exercisable without prejudice to other statutory actions; the Board must give an opportunity of being heard before or after issuing directions and may issue ex parte directions with a 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.
Directions by the Board can restrict market access and mandate refunds where securities regulations are breached.
Directions by the Board empower the securities regulator to issue measures in the interests of the securities market-including refunds of application monies, bans on dealing or market access, restraints on further issues, orders to sell or divest securities, and freezing or withholding transfer-exercisable without prejudice to other statutory actions; the Board must give an opportunity of being heard before or after issuing directions and may issue ex parte directions with a post decisional hearing.
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