Delegation of enforcement powers to SEBI enables filing of company-law offences and requires coordination to avoid duplicate action. Authorisation permits a SEBI officer to file complaints under specified provisions of the Companies Act, 1956, with SEBI requested to supply complaint details to the concerned Registrars of Companies and the Department. Registrars must avoid duplication of enforcement where SEBI acts concurrently, and SEBI is to forward compounding applications under the compounding provision to the concerned Registrar for appropriate action under law.
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.
Delegation of enforcement powers to SEBI enables filing of company-law offences and requires coordination to avoid duplicate action.
Authorisation permits a SEBI officer to file complaints under specified provisions of the Companies Act, 1956, with SEBI requested to supply complaint details to the concerned Registrars of Companies and the Department. Registrars must avoid duplication of enforcement where SEBI acts concurrently, and SEBI is to forward compounding applications under the compounding provision to the concerned Registrar for appropriate action under law.
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