https://www.taxtmi.com/caselaws?id=113338 SEBI's inquiry powers under the Companies Act, 1956 and the Disclosure and Investor Protection Guidelines are described as broad enough to address alleged suppression of material facts and misstatements in a draft prospectus. The commentary notes that disclosure obligations in public issues are enforceable, that later material can justify revisiting an earlier refusal to act, and that ownership or control issues may warrant further investigation, including through the Central Government if needed. The emphasis is on preventive and corrective regulatory action where investor protection may be affected by incomplete or misleading disclosures. en-us Fri, 09 Apr 2010 00:00:00 +0530 Fri, 04 May 2012 18:27:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113338 SEBI's inquiry powers under the Companies Act, 1956 and the Disclosure and Investor Protection Guidelines are described as broad enough to address alleged suppression of material facts and misstatements in a draft prospectus. The commentary notes that disclosure obligations in public issues are enforceable, that later material can justify revisiting an earlier refusal to act, and that ownership or control issues may warrant further investigation, including through the Central Government if needed. The emphasis is on preventive and corrective regulatory action where investor protection may be affected by incomplete or misleading disclosures. Case-Laws Companies Law Fri, 09 Apr 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113338