Author : Rakesh Bhatnagar/DNA
Says SAT has no discretionary power on issues under Sec 12(1) of Sebi Act
The Securities and Exchange Board of India (Sebi) won a crucial judgment in the Supreme Court against the Securities Appellate Tribunal (SAT), which has many a time set aside its orders.
The
SC upholds Sebi supremacy over unregistered cos
Last updated: 22 April 2009
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