Section 28 - Power to exempt - Securities and Exchange Board of India Act, 1992

Power to exempt. 28. 1 [***] ********* 1 Omitted by the Securities Laws (Amendment) Act, 1995, w.e.f. 25-1-1995. Prior to its omission, Section 28 read as under: 28. Power to exempt- If the central government if of the opinion that it is necessary or expedient so to do in public interest, it may, by order published in the Official gazette, exempt any person or class of persons buying or selling securities or otherwise dealing with the securities market from the operation of sub-section 91) of Section 12.