https://www.taxtmi.com/caselaws?id=399715 The court held that SEBI is not obligated to grant a personal hearing when considering an exemption application under the Securities and Exchange Board of India (Share Based Employee Benefits) Regulations, 2014. It determined that the power under Regulation 29 is discretionary and not quasi-judicial, thus rejecting the argument for a personal hearing based on this premise. The court emphasized that the principles of natural justice can be satisfied through written submissions and that the specific facts of the case did not warrant a personal hearing. Consequently, the writ petition was dismissed, the rule discharged, and no costs were awarded. en-us Tue, 06 Oct 2020 00:00:00 +0530 Mon, 04 Jan 2021 14:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399715 The court held that SEBI is not obligated to grant a personal hearing when considering an exemption application under the Securities and Exchange Board of India (Share Based Employee Benefits) Regulations, 2014. It determined that the power under Regulation 29 is discretionary and not quasi-judicial, thus rejecting the argument for a personal hearing based on this premise. The court emphasized that the principles of natural justice can be satisfied through written submissions and that the specific facts of the case did not warrant a personal hearing. Consequently, the writ petition was dismissed, the rule discharged, and no costs were awarded. Case-Laws SEBI Tue, 06 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399715