SEBI Act Provisions Upheld: Court Rules No Violation of Article 14, Emphasizes Need for Financial Oversight and Protection.

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Full Text of the Document

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....Constitutional validity of certain provisions of SEBI Act - Violation of Article 14 - provisions do not suffer from any over-breadth. The net of coverage had to be spread wide and high to check each and every attempt to loot the hard earned money of the aam aadmi for one's personal wrongful gain and so long as abuse of discretionary power is not demonstrated, the petitioners cannot expect any relief - HC....