Master Circular consolidation of SEBI directives preserves prior approvals and proceedings under corresponding provisions of the new circular. Consolidation of SEBI circulars into a Master Circular effective on issue, updating references and rescinding listed circulars while preserving prior acts, applications, registrations, investigations, rights, obligations and proceedings by deeming them to have been taken under corresponding provisions of the Master Circular; undefined terms adopt meanings from applicable securities statutes and regulations and the circular is issued under SEBI's statutory regulatory powers to protect investors and regulate the securities market.
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.
Master Circular consolidation of SEBI directives preserves prior approvals and proceedings under corresponding provisions of the new circular.
Consolidation of SEBI circulars into a Master Circular effective on issue, updating references and rescinding listed circulars while preserving prior acts, applications, registrations, investigations, rights, obligations and proceedings by deeming them to have been taken under corresponding provisions of the Master Circular; undefined terms adopt meanings from applicable securities statutes and regulations and the circular is issued under SEBI's statutory regulatory powers to protect investors and regulate the securities market.
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