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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>SEBI Can Supersede Central Listing Authority for Investor Protection and Market Integrity Under Specific Conditions</h1> The Securities and Exchange Board of India (SEBI) has the authority to supersede the Central Listing Authority if deemed necessary for investor protection, market integrity, or public interest. Upon supersession, all members vacate their positions, and SEBI assumes their functions and powers until the Authority is reconstituted. The reconstitution can occur at the end of the specified supersession period or earlier at SEBI's discretion. Former members are not disqualified from reappointment. SEBI retains the right to reconstitute the Authority before the supersession period ends if necessary.
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