Cease and desist proceedings have been defined under Securities and Exchange Board of India Act, 1992 (As amended by the Securities Laws (Amendment) Act, 2014. It is defined under section 11D of the Securities and Exchange Board of India Act, 1992.
Cease and desist proceedings as per the Securities and Exchange Board of India Act, 1992
Definition of Cease and desist proceedings as per Section 11D of Securities and Exchange Board of India Act, 1992: If the Securities and Exchange Board of India finds, after causing an investigation to be made, that any person has violated, or is likely to violate, any provisions of this Act, or any rules or regulations made hereunder, it may pass an order calling for such person to cease & desist from committing or causing such violation:
Provided that the Securities and Exchange Board of India shall not pass such order in respect of any listed public company or a public company (other than the intermediaries specified under sec 12) which intends to get its securities listed on any recognized stock exchange unless the Securities and Exchange Board of India has reasonable grounds to believe that such company has indulged in market manipulation or insider trading.
Source: http://www.sebi.gov.in/
Comments
All Comments (0)
Join the conversation