https://www.taxtmi.com/caselaws?id=459216 Delay in filing a securities-market prosecution was held not to justify quashing at the threshold where the explanation involved preliminary inquiry and investigation, and limitation was left to be considered at trial or under Section 473 CrPC if sought. The SEBI Chairman's authority to initiate prosecution was treated as traceable to the statutory scheme under Sections 4(2), 4(3) and 19 of the SEBI Act, so the absence of a separate Board delegation was not fatal at the quashing stage. Absence of a personal hearing did not vitiate the proceedings where show-cause notices had been issued and no hearing had been requested. The quashing petitions failed. en-us Mon, 26 Aug 2013 00:00:00 +0530 Thu, 05 Dec 2024 14:08:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459216 Delay in filing a securities-market prosecution was held not to justify quashing at the threshold where the explanation involved preliminary inquiry and investigation, and limitation was left to be considered at trial or under Section 473 CrPC if sought. The SEBI Chairman's authority to initiate prosecution was treated as traceable to the statutory scheme under Sections 4(2), 4(3) and 19 of the SEBI Act, so the absence of a separate Board delegation was not fatal at the quashing stage. Absence of a personal hearing did not vitiate the proceedings where show-cause notices had been issued and no hearing had been requested. The quashing petitions failed. Case-Laws SEBI Mon, 26 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459216