Power of SEBI to issue directions under SEBI Act shall
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.
First country to switch off its FM radio Network?
All the disinvestment by central government is managed by a department called DIPAM. Here A stands for
The RBI will soon issue new 10 rupees note which will bear the image of:
In which year the Banking Regulation Act was amended for regulation of cooperative banks?
Who is the first Indian woman to win a medal in Paralympics?
Which of the following country will host G-20 meeting in 2022?
COBRA is a special operation unit of the Central Reserve Police Force (CRPF) of India proficient in guerrilla tactics and jungle warfare. In this what d...
Who is India's permanent representative to United Nations?
A tribal festival called Medaram Jatara will soon get the tag of National Festival. This festival is observed in:
What is another commonly used name for the river Brahmaputra?