Securities and Exchange Board of India (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market) Regulations, 2003 Chapter III INVESTIGATION
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Investigating authority powers require prior approval to obtain records, seek seizure orders and follow criminal procedure safeguards. Regulation 7 authorises the Investigating Authority, with prior specific approval, to call for information and records from banks and public authorities; to apply to a magistrate for seizure orders where there are reasonable grounds that documents may be destroyed or concealed; to retain seized books and records until the investigation concludes and thereafter return them; and to place identification marks on returned items. Searches and seizures under the regulation must conform to the procedural safeguards prescribed by criminal procedure law.
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.
Investigating authority powers require prior approval to obtain records, seek seizure orders and follow criminal procedure safeguards.
Regulation 7 authorises the Investigating Authority, with prior specific approval, to call for information and records from banks and public authorities; to apply to a magistrate for seizure orders where there are reasonable grounds that documents may be destroyed or concealed; to retain seized books and records until the investigation concludes and thereafter return them; and to place identification marks on returned items. Searches and seizures under the regulation must conform to the procedural safeguards prescribed by criminal procedure law.
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