Liability for contravention: exchanges may impose fines, trading suspensions or freezing of promoter holdings under board guidelines. Liability for contravention attaches to a listed entity or other persons for breaches of these regulations, in addition to securities law liability, and authorises exchange level enforcement measures specified in Board circulars or guidelines, including imposition of fines, suspension of trading, freezing of promoter/promoter group holdings in coordination with depositories, and other Board specified actions; revocation of trading suspensions and freezing of holdings is to follow procedures set out in Board circulars or guidelines.
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.
Liability for contravention: exchanges may impose fines, trading suspensions or freezing of promoter holdings under board guidelines.
Liability for contravention attaches to a listed entity or other persons for breaches of these regulations, in addition to securities law liability, and authorises exchange level enforcement measures specified in Board circulars or guidelines, including imposition of fines, suspension of trading, freezing of promoter/promoter group holdings in coordination with depositories, and other Board specified actions; revocation of trading suspensions and freezing of holdings is to follow procedures set out in Board circulars or guidelines.
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