Power to issue directions: authority to restrict market access and compel divestment for sweat equity violations. The Board may, in the interests of the securities market, direct corrective measures including prohibiting particular dealings in securities, barring persons from accessing the securities market, directing sale or divestment of sweat equity shares acquired in violation, restraining a company from further sweat equity offers, and directing disgorgement of ill-gotten gains, while retaining the right to initiate civil or criminal proceedings under relevant enactments.
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.
Power to issue directions: authority to restrict market access and compel divestment for sweat equity violations.
The Board may, in the interests of the securities market, direct corrective measures including prohibiting particular dealings in securities, barring persons from accessing the securities market, directing sale or divestment of sweat equity shares acquired in violation, restraining a company from further sweat equity offers, and directing disgorgement of ill-gotten gains, while retaining the right to initiate civil or criminal proceedings under relevant enactments.
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