TMI BlogPower to issue directions and levy penaltyX X X X Extracts X X X X X X X X Extracts X X X X ..... Board of India Act, 1992 and rules and regulations made thereunder, the Board may, either suo motu or on receipt of any information or during pendency of any inspection, inquiry or investigation or on completion thereof, in the interest of public or trade or investors or the securities market, issue such directions as it deems fit, including but not limited to any or all of the following:- (a) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... oration from accessing the securities market or dealing in securities for such period as may be determined by the Board. 3 [ (2) The Board may take action against a recognised stock exchange or recognised clearing corporation, director, committee member, key management personnel, employee or any other person associated with the recognised stock exchange or recognised clearing corporation, for ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... personnel, employees or any other person associated with the recognised stock exchange or recognised clearing corporation. (c) restricting any such person to attend meetings or otherwise participate or involve themselves in the functioning of the recognised stock exchange and recognised clearing corporation. Explanation For the removal of any doubt, it is clarified that the power of the Boa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... o any or all of the following: (a) the amount of disproportionate gain or unfair advantage, wherever quantifiable, made as a result of the default; (b) the amount of loss caused to the recognised stock exchange or recognised clearing corporation or the securities market as a result of the default; and (c) the repetitive nature of the default. ] *************** NOTES:- ..... X X X X Extracts X X X X X X X X Extracts X X X X
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