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  • Power of Search and Seizure

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    Roy Bhardwaj
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    SEBI has been granted new powers of search and seizure under Section 11C to investigate transactions deemed detrimental to markets. It can order the production of books and records for investigations. Additionally, under Section 11D, SEBI can now issue cease and desist orders if it finds after inquiry that a person has violated or may violate regulations.

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    power of ed

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    SEBI has been granted new powers of search and seizure under Section 11C to investigate transactions deemed detrimental to markets. It can order the production of books and records for investigations. Additionally, under Section 11D, SEBI can now issue cease and desist orders if it finds after inquiry that a person has violated or may violate regulations.

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    21 views1 page

    Power of Search and Seizure

    Uploaded by

    Roy Bhardwaj
    SEBI has been granted new powers of search and seizure under Section 11C to investigate transactions deemed detrimental to markets. It can order the production of books and records for investigations. Additionally, under Section 11D, SEBI can now issue cease and desist orders if it finds after inquiry that a person has violated or may violate regulations.

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    PowerofSearchandSeizure: A new section 11C has been introduced in the principalAct by the Securities and Exchange Board of India

    (Amendment) Act 202 which coversthe power of search and seizure. This arms SEBI where it has reasonable grounds to believe that transactions in securities are being dealt with in the capital market in amanner detrimental to the interest of the securities market, to order investigation and alsoissue directions for the production of books and other relevant records, which may bekept in the custody of the investigation authority. vii. PowertoOrderCeaseandDesist: Section 11D, a new section inserted by thesecurities and Exchange Board of India (Amendment) Act 2002 empowers SEBI to issuea cease and desist order, where necessary. It provides that if the Board finds, after causingan inquiry to be made, that any person has violated, or is likely to violate, any provisionsof this Act, or any rules or regulations made there under, the Board may pass an order requiring such person to cease and desist from committing or causing such violation.

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