Power of the Board to issue directions

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..... section 24 of the Act and give such directions as it deems fit including: (a) directing the person concerned not to further deal in securities in any particular manner; (b) prohibiting the person concerned from cancelling any of the securities bought back in violation of the Companies Act; (c) directing the person concerned to sell or divest the 1 [shares or other specified securities .....

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..... India (Prohibition of Fraudulent and Unfair Trade Practices Relating to the Securities Market) Regulations, 1995. ******** 1 Substituted by the SEBI (Buy-back of Securities) (Amendment) Regulations, 2004 w.e.f. 18-06-2004 for the words specified securities , which had earlier been substituted for the word shares by the SEBI (Buy-back of Securities) (Amendment) Regulations, 1999, w.e .....

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