0552-2021 Anil Kumar Poddar vs SEBI and Others
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Full text
70. Use of the word ‗may‘ and not ‗shall‘ in Regulation 44 is significant. It is not mandatory that in case of every violation and breach of Regulations 10, 11 and 12, direction under Regulation 44 shall be issued. The interpretation gets fortified in view of the words and object of the Regulation 44 which empowers the Board to issue directions as it deems fit. Section 11(1), while broadly defining the functions of the Board, states that it is the duty of the Board to protect interest of investors in securities and to promote the development of, and regulate the securities market b
BEFORE THE SECURITIES APPELLATE TRIBUNAL MUMBAI
Date of Hearing: 23.03.2023 Date of Decision: 11.04.2023 Appeal No.552 of 2021 Anil Kumar Poddar 9/12 Lal Bazaar Street, 3rd Floor, E-Block, Kolkata-700 001, West Bengal.
You have read the preview. Create a free account to read the full order, track this party, and analyse it in Ontology.
Free accounts include 10 searches/day with full order access.
Source: SecMarx — 0552-2021 Anil Kumar Poddar vs SEBI and Others. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (bench, timelines, appeal chain) is cited to us.