Power of Board to give directions in certain cases.19. [(1)] Save as provided in this Act, if after making or causing to be made an enquiry or inspection, 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 depository or participant being conducted in the manner detrimental to the interests of investors or securities
market, |
it may issue such directions,-
| (a) | - | to any depository or participant or any person associated with the securities market; or |
| (b) | - | to any issuer, |
as may be appropriate in the interest of invest
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