Board direction power: can require FVCIs to dispose or refrain from investing to protect the capital market. The Board may, after consideration of inspection or investigation reports and after giving a reasonable opportunity of hearing, require a Foreign Venture ... Summary
Referred In :
Securities and Exchange Board of India (Foreign Venture Capital Investors) Regulations 2000
Board direction power: can require FVCIs to dispose or refrain from investing to protect the capital market.
The Board may, after consideration of inspection or investigation reports and after giving a reasonable opportunity of hearing, require a Foreign Venture Capital Investor to take measures or issue directions as deemed fit in the interest of the capital market and investors, including requiring disposal or disinvestment of securities, prohibiting further investment for a specified period, or prohibiting operation in the capital market for a specified period.
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