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.
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.
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.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.