https://www.taxtmi.com/acts?id=36030 Action in case of default empowers the Board to issue directions to enforce compliance, including requiring divestment of shares by persons with trading rights in breach of shareholding provisions, compelling divestment by holders in contravention of regulations, directing transfer of proceeds or securities to the investor protection fund, and debarment from market access for exchanges, shareholders, associates or transferees. These powers are additional to monetary penalties, prosecution and other statutory directions available under the legislation. en-us Fri, 15 Feb 2019 15:41:56 +0530 Mon, 02 Sep 2024 15:37:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=36030 Action in case of default empowers the Board to issue directions to enforce compliance, including requiring divestment of shares by persons with trading rights in breach of shareholding provisions, compelling divestment by holders in contravention of regulations, directing transfer of proceeds or securities to the investor protection fund, and debarment from market access for exchanges, shareholders, associates or transferees. These powers are additional to monetary penalties, prosecution and other statutory directions available under the legislation. Act-Rules SEBI Fri, 15 Feb 2019 15:41:56 +0530 https://www.taxtmi.com/acts?id=36030