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 ... Summary
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.
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