https://www.taxtmi.com/caselaws?id=109998 The Court upheld the Securities and Exchange Board of India's authority to proceed under new regulations for violations of repealed regulations. It clarified that regulation 11 of the New Regulations primarily involves interim measures pending final decisions, distinguishing between substantive and procedural law. The judgment emphasized the procedural nature of the changes in regulations, allowing ongoing investigations to continue under the new regulations. The Court dismissed the petitioner's challenge to the show-cause notice, denying costs to either party. en-us Wed, 23 Mar 2005 00:00:00 +0530 Fri, 13 Apr 2012 13:13:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109998 The Court upheld the Securities and Exchange Board of India's authority to proceed under new regulations for violations of repealed regulations. It clarified that regulation 11 of the New Regulations primarily involves interim measures pending final decisions, distinguishing between substantive and procedural law. The judgment emphasized the procedural nature of the changes in regulations, allowing ongoing investigations to continue under the new regulations. The Court dismissed the petitioner's challenge to the show-cause notice, denying costs to either party. Case-Laws Companies Law Wed, 23 Mar 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109998