Action in case of default

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..... e Securities and Exchange Board of India Act, 1992, the Board may, issue such directions as it deems fit, including - (a) directing disinvestment of shares held by shareholders having trading rights in breach of sub-section (8) of section 4B of the Act, in such manner as may be specified in the direction; (b) directing a person holding equity shares in a recognised stock exchange in contr .....

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