Regulatory directions can mandate cessation of scheme solicitations, asset disposal, investor refunds, and market access bans. The Board may issue directions to ensure observance of collective investment scheme regulations, without prejudice to other enforcement including criminal prosecution. Directions may require cessation of collection or launch of schemes, prohibit disposal of properties acquired in violation, mandate specified disposal of scheme assets, direct refunds of money or assets to investors with requisite interest, and prohibit the person from operating in or accessing 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.
Regulatory directions can mandate cessation of scheme solicitations, asset disposal, investor refunds, and market access bans.
The Board may issue directions to ensure observance of collective investment scheme regulations, without prejudice to other enforcement including criminal prosecution. Directions may require cessation of collection or launch of schemes, prohibit disposal of properties acquired in violation, mandate specified disposal of scheme assets, direct refunds of money or assets to investors with requisite interest, and prohibit the person from operating in or accessing the capital market for a specified period.
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