Home › CS Executive › securitieslaws › Securities Contracts (Regulation) Act, 1956 › After an adjudicating officer passes an order un…
After an adjudicating officer passes an order under Section 23-I, SEBI has a revisional power to enhance the penalty in certain cases. After what period from the date of the order is this revisional power barred?
Answer & Solution
Correct answer: D.
1. Section 23-I lets SEBI re-examine an adjudicating officer's order to enhance penalty.
2. The revisional power is hedged with a strict time bar.
3. It is unavailable after three months from the date of the order, or disposal of the appeal, whichever is earlier.
4. The one-year, six-month and thirty-day windows are not the Section 23-I figures.
_Source: ICSI CS Executive Paper 6 (Securities Laws and Capital Markets) — Lesson 1: Securities Contracts (Regulation) Act, 1956, pp. 4-21._
Related questions
Section 13A of the SCRA enables a recognised stock exchange to establish an additional traSection 23-I of the SCRA empowers SEBI to appoint an adjudicating officer for imposing penSection 22B of the SCRA lays down the procedural framework for the Securities Appellate TrSection 21A of the SCRA gives the right to appeal to the Securities Appellate Tribunal agaSection 18A of the SCRA sets out the conditions under which a contract in derivatives is lFor computing the "eighth day" repayment deadline in Section 17A, the SCRA prescribes a spSection 17A of the SCRA deals with public issue and listing of certificates by a special pAfter granting immunity under Section 23-O, the Central Government later concludes that th