https://www.taxtmi.com/caselaws?id=441221 Under the SEBI (Delegation of Statutory and Financial Powers) Order, 2019, powers under sections 11 and 11B may be exercised by different categories of officers depending on the order required. The Tribunal noted that no available Whole Time Member could fairly hear the objections to the ex parte ad interim order because one member was retiring, another had participated in settlement proceedings, and the impugned order had been passed by a different Whole Time Member. It therefore modified the earlier direction and held that, if no Whole Time Member was available, an officer higher in grade, rank or position could be authorised to hear and decide the matter within the stipulated period. en-us Thu, 27 Jul 2023 00:00:00 +0530 Thu, 03 Aug 2023 22:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441221 Under the SEBI (Delegation of Statutory and Financial Powers) Order, 2019, powers under sections 11 and 11B may be exercised by different categories of officers depending on the order required. The Tribunal noted that no available Whole Time Member could fairly hear the objections to the ex parte ad interim order because one member was retiring, another had participated in settlement proceedings, and the impugned order had been passed by a different Whole Time Member. It therefore modified the earlier direction and held that, if no Whole Time Member was available, an officer higher in grade, rank or position could be authorised to hear and decide the matter within the stipulated period. Case-Laws SEBI Thu, 27 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441221