https://www.taxtmi.com/caselaws?id=231291 Section 11C of the SEBI Act is treated as a procedural investigation power and therefore applies retrospectively to earlier transactions, without violating Article 20(1) because penal consequences arise only from later non-compliance. The provision was read to authorise investigation into past conduct as well as ongoing dealings, and the absence of an express recital of grounds in the notices did not defeat jurisdiction where the record showed application of mind. Challenges based on claimed investor status, cessation of business, limitation, or alleged futility were rejected as premature or factual matters, leaving the investigation notices sustained. en-us Thu, 22 Mar 2012 00:00:00 +0530 Thu, 25 Apr 2013 15:06:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=231291 Section 11C of the SEBI Act is treated as a procedural investigation power and therefore applies retrospectively to earlier transactions, without violating Article 20(1) because penal consequences arise only from later non-compliance. The provision was read to authorise investigation into past conduct as well as ongoing dealings, and the absence of an express recital of grounds in the notices did not defeat jurisdiction where the record showed application of mind. Challenges based on claimed investor status, cessation of business, limitation, or alleged futility were rejected as premature or factual matters, leaving the investigation notices sustained. Case-Laws Companies Law Thu, 22 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=231291