TMI Blog2010 (6) TMI 860X X X X Extracts X X X X X X X X Extracts X X X X ..... This appeal under section 15T of the Securities and Exchange Board of India Act. 1992 is directed against the order dated December 4, 2008 passed by the specially constituted committee exercising the power of the securities and exchange board of India ( for short the board ) where by some directions have been issued to the appellant in the conduct of its business as a depository, In the c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ate of registration has since been cancelled. In the view of the matter and having regards to the interest of the securities market. We direct that the observations made in the impugned order, in so far as they are adverse to the appellant shall stand expunged. Learner senior counsel on the both sides agree that we need record detailed reasons for expunging the observations in the impugned order: ..... X X X X Extracts X X X X X X X X Extracts X X X X
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