Securities and Exchange Commission Act, 1993


Securities and Exchange Commission Act [XV of 1993]


Section 17—

When the SEC was making a complaint of fraudulent act
against certain companies and their directors on the basis of an enquiry
undertaken by an expert Committee, a Court would be well-advised not to try to
be more expert at the complaint stage because otherwise it will be an example
of nipping the prosecution in the bud.

Shinepukur Holding Ltd & others vs Securities and Exchange
Commission and another 50 DLR 189.


Section 25—

The Sessions Judge would have been well-advised to reject
the revision petitions upon the view that the objection as to alleged lack of
authority should be raised before the Court taking cognizance.

Shinepukur Holding Ltd & others vs Securities and Exchange
Commission and another 50 DLR 189.

 

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