Investor-protection directions may require refunds, restrict securities-market access, or suspend trading, subject to hearing safeguards. SEBI may issue directions to protect the securities market, investors, or proper management of intermediaries. Directions may require refunds of money or ... Summary
Securities and Exchange Board of India (Intermediaries) Regulations, 2008
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Investor-protection directions may require refunds, restrict securities-market access, or suspend trading, subject to hearing safeguards.
SEBI may issue directions to protect the securities market, investors, or proper management of intermediaries. Directions may require refunds of money or securities collected from investors, restrict market access or securities dealings, prevent association with intermediaries or capital-market activities, and require recognised stock exchanges to prohibit or suspend trading in specified securities or units. A reasonable opportunity of hearing must ordinarily precede directions, although an immediate interim direction may be followed by a prompt hearing.
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