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1 - 10 of 63 (0.32 seconds)The Securities and Exchange Board of India Act, 1992
Section 11B in The Securities and Exchange Board of India Act, 1992 [Entire Act]
Section 24 in The Securities and Exchange Board of India Act, 1992 [Entire Act]
Section 26 in The Securities and Exchange Board of India Act, 1992 [Entire Act]
Section 11 in The Securities and Exchange Board of India Act, 1992 [Entire Act]
Section 15HA in The Securities and Exchange Board of India Act, 1992 [Entire Act]
The Foreign Exchange Management Act, 1999
Section 12A in The Securities and Exchange Board of India Act, 1992 [Entire Act]
In The Matter Of A.L.No. 441 Of 2020 - ... vs Sebi on 5 November, 2020
Similarly, the decision
of this Tribunal in NSE v. SEBI decided on 09.08.2023 in
Appeal No. 334 of 2019 is also distinguishable. This Tribunal
held that the Managing Director of NSE was liable under
59
Section 27(1) for not verifying the license of Sampark at the
time of due diligence. The Managing Director was held liable
and accountable for failure to verify the license as there was no
positive evidence of any officer being made responsible for
execution of the activity, namely, checking of the licence. In
contrast with the present case, we find that in the instant appeal
there is clear evidence that the Board specifically and directly
authorised two senior executives to explore, identify and
implement the divestment of investment.