https://www.taxtmi.com/caselaws?id=113142 SEBI's regulatory powers can extend to auditors where their conduct in relation to a listed company's accounts has a direct bearing on investor protection and market integrity. The High Court noted that audited financial statements are central to investment decisions, and that prima facie material suggesting fabrication, falsification, or misleading certification may justify inquiry, investigation, and preventive directions by SEBI. The Chartered Accountants Act continues to govern professional discipline, but it does not bar SEBI from acting within its own statutory sphere when securities-market concerns arise. On the face of the show-cause notices, there was no total lack of jurisdiction, and the challenge was rejected. en-us Fri, 13 Aug 2010 00:00:00 +0530 Mon, 29 Sep 2014 08:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113142 SEBI's regulatory powers can extend to auditors where their conduct in relation to a listed company's accounts has a direct bearing on investor protection and market integrity. The High Court noted that audited financial statements are central to investment decisions, and that prima facie material suggesting fabrication, falsification, or misleading certification may justify inquiry, investigation, and preventive directions by SEBI. The Chartered Accountants Act continues to govern professional discipline, but it does not bar SEBI from acting within its own statutory sphere when securities-market concerns arise. On the face of the show-cause notices, there was no total lack of jurisdiction, and the challenge was rejected. Case-Laws Companies Law Fri, 13 Aug 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113142