POWERS OF SEBI
For the purpose of regulation of the securities market, SEBI has been vested with all the powers of a Civil Court as per Code of Civil Procedure, 1908.
The powers include:
The discovery and production of any books of account and other documents.
Summoning and enforcing the attendance of persons and examining them on oath.
Inspection of any books, registers and other documents.
In addition to the above, the other powers of SEBI are:
Call information, undertake inspection, conduct inquiries and order audit of stock exchanges, intermediaries, mutual funds or any other person associated with the securities market.
Perform the functions and exercise the powers of Central Government under The Securities Contract (Regulation) Act, 1956. These powers have now been delegated to SEBI.
Levy penalties for certain offenses.
Levy fees and other charges.
Issue orders/directions in the interest of investors or orderly development of securities market. However, such orders can be issued only after conduct of an inquiry.
Hear appeals by companies against the decision of stock exchanges for refusal of listing of their securities.¬
Suspend or cancel the registration of any intermediary.
For the purpose of regulation of the securities market, SEBI has been vested with all the powers of a Civil Court as per Code of Civil Procedure, 1908.
The powers include:
The discovery and production of any books of account and other documents.
Summoning and enforcing the attendance of persons and examining them on oath.
Inspection of any books, registers and other documents.
In addition to the above, the other powers of SEBI are:
Call information, undertake inspection, conduct inquiries and order audit of stock exchanges, intermediaries, mutual funds or any other person associated with the securities market.
Perform the functions and exercise the powers of Central Government under The Securities Contract (Regulation) Act, 1956. These powers have now been delegated to SEBI.
Levy penalties for certain offenses.
Levy fees and other charges.
Issue orders/directions in the interest of investors or orderly development of securities market. However, such orders can be issued only after conduct of an inquiry.
Hear appeals by companies against the decision of stock exchanges for refusal of listing of their securities.¬
Suspend or cancel the registration of any intermediary.