https://www.taxtmi.com/caselaws?id=113822 SC allowed the appeal, quashed the Appellate Tribunal's order and upheld the Chairman of SEBI's five-year restraint preventing the respondent from associating with any corporate body in accessing the securities market and from buying, selling or dealing in securities. The Court held the Board validly invoked section 11B read with relevant provisions as amended, found no procedural infirmity in issuing the show-cause notice and considering the reply, and rejected the argument that post-enactment powers could not be applied to violations for which proceedings were initiated after the amendments. en-us Thu, 25 Feb 2010 00:00:00 +0530 Mon, 17 Nov 2025 13:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113822 SC allowed the appeal, quashed the Appellate Tribunal's order and upheld the Chairman of SEBI's five-year restraint preventing the respondent from associating with any corporate body in accessing the securities market and from buying, selling or dealing in securities. The Court held the Board validly invoked section 11B read with relevant provisions as amended, found no procedural infirmity in issuing the show-cause notice and considering the reply, and rejected the argument that post-enactment powers could not be applied to violations for which proceedings were initiated after the amendments. Case-Laws Companies Law Thu, 25 Feb 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113822