https://www.taxtmi.com/caselaws?id=113260 The High Court of Rajasthan upheld the constitutional validity of sections 11(4) and 11B of the SEBI Act, deeming them reasonable restrictions for investor protection. The court found that SEBI's interim order, restraining market access, was justified as a protective measure and compliant with principles of natural justice. Despite preliminary objections on jurisdiction and alternative remedies, the court focused on the case merits. It directed the petitioners to submit objections to SEBI within 10 days and mandated SEBI to provide a hearing and resolve the matter within two months. en-us Fri, 29 Oct 2010 00:00:00 +0530 Tue, 28 Dec 2021 15:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113260 The High Court of Rajasthan upheld the constitutional validity of sections 11(4) and 11B of the SEBI Act, deeming them reasonable restrictions for investor protection. The court found that SEBI's interim order, restraining market access, was justified as a protective measure and compliant with principles of natural justice. Despite preliminary objections on jurisdiction and alternative remedies, the court focused on the case merits. It directed the petitioners to submit objections to SEBI within 10 days and mandated SEBI to provide a hearing and resolve the matter within two months. Case-Laws Companies Law Fri, 29 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113260