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Section 11B of SEBI Act Power to issue directions and a levy penalty—(1) Save as otherwise provided in section 11, if after making or causing to be made an enquiry, the Board is satisfied that it is necessary— (i) in the interest of investors, or orderly development of securities market; or (ii) to prevent the affairs of any intermediary or other persons referred to in section 12 being conducted in a manner detrimental to the interests of investors or securities market; or (iii) to secure the proper management of any such intermediary or person, it may issue such directions,— (a) to any person or class of persons referred to in section 12, or associated with the securities market; or (b) to any company in respect of matters specified in section 11A, as may be appropriate in the interests of investors in securities and the securities market. Explanation—For the removal of doubts, it is hereby declared that the power to issue directions under this section shall include and always be deemed to have been included the power to direct any person, who made profit or averted loss by indulging in any transaction or activity in contravention of the provisions of this Act or regulations made thereunder, to disgorge an amount equivalent to the wrongful gain made or loss averted by such contravention.
Which Indian state hosts the Mera Hou Chongba festival?
Who said, “After traveling 6 times to all the hilly regions of Asia, I have come to the conclusion that Uttarakhand region is the most beautiful among...
Which among the following country holds the largest Foreign Exchange (Forex) reserve in the world?
Consider the following statements-
1. The maximum number of land holdings in India are of marginal type.
2. The beginning of the Green Rev...
The Rawat Nach Mahotsav, a folk dance festival, is celebrated by which community?
What is the theme country for the International Kolkata Book Fair 2018?
'Harbour waves' are known as __________, in Japanese language.
Karnataka government launched the ‘Mathru Purna’ scheme for ___________?
‘Saka Era’ started from:
The GIS-based software developed by NHAI aims to monitor traffic at how many toll plazas initially?