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2019 (11) TMI 1090 - SC ORDERLegality and veracity of the order passed by the Whole Time Member (‘WTM’) of SEBI under Sections 11 and 11B of the Securities and Exchange Board of India Act, 1992 which empowers SEBI to issue directions in the nature of remedies in the interest of the securities market and investors in securities - whether SEBI as a market regulator could be said to have jurisdiction to pass any of the directions as contained in the SCN? - HELD THAT:- Appearing on behalf of the respondents, accepts notice. Reply to the appeal, if any, be filed within two weeks. The observations made in Paragraph 78 of the impugned Judgment and Order as to powers and jurisdiction of SEBI shall remain stayed till the next date of hearing. List the matter in the second week of December, 2019.
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