Discretionary legal aid is available when prima facie in investors' best interest; completeness and filing priority determine eligibility. SEBI may grant legal aid at the Board's discretion if prima facie satisfied it is in investors' best interest. The Board will not entertain incomplete or non compliant applications. Where multiple applications arrive the same day, priority goes to the Investors' Association that first filed the petition or suit. The Board issues a letter conveying the grant of aid for the specified proceedings.
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.
Discretionary legal aid is available when prima facie in investors' best interest; completeness and filing priority determine eligibility.
SEBI may grant legal aid at the Board's discretion if prima facie satisfied it is in investors' best interest. The Board will not entertain incomplete or non compliant applications. Where multiple applications arrive the same day, priority goes to the Investors' Association that first filed the petition or suit. The Board issues a letter conveying the grant of aid for the specified proceedings.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
