https://www.taxtmi.com/caselaws?id=297823 Allegations against a SEBI-registered investment adviser were held to fall within the special statutory regime of the SEBI Act, where cognizance of offences is controlled by the Act and, for the relevant offences, must be founded on a complaint by the SEBI Board before the competent Special Court. On the material placed, the Court treated the complaint as one concerning regulatory violations arising from investment advisory activity rather than a direct private case of cheating or criminal breach of trust, and held that police investigation on the FIR was beyond the permissible sphere. The FIR and all subsequent proceedings were quashed. en-us Tue, 22 Sep 2020 00:00:00 +0530 Thu, 18 Nov 2021 10:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297823 Allegations against a SEBI-registered investment adviser were held to fall within the special statutory regime of the SEBI Act, where cognizance of offences is controlled by the Act and, for the relevant offences, must be founded on a complaint by the SEBI Board before the competent Special Court. On the material placed, the Court treated the complaint as one concerning regulatory violations arising from investment advisory activity rather than a direct private case of cheating or criminal breach of trust, and held that police investigation on the FIR was beyond the permissible sphere. The FIR and all subsequent proceedings were quashed. Case-Laws SEBI Tue, 22 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297823