Depositories Act, 1996

Section - 19 - Power of Board to give directions in certain cases

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 .... To read the full section download the app from Google Play store
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