Securities And Exchange Board of India Act, 1992

Section - 11B - Power to issue directions and levy penalty

Power to issue directions[and levy penalty].

11B. [(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 interest 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 perso .... To read the full section download the app from Google Play store