The Securities and Exchange Board of India Act, 1992
11B. POWER TO ISSUE DIRECTIONS.
Save as otherwise provided in section 11, if after making or causing to be made an enquiry, the Board is satisfied that it is necessary, –
(i) in the interest of investors, or orderly development of securities market; or
(ii) to prevent the affairs of any intermediary or other persons referred to in section 12 being conducted in a manner detrimental to the interests of investors or securities market; or
(iii) to secure the proper management of any such intermediary or person,
it may issue such directions, –
(a) to any person or class of persons referred to in section 12, or associated with the securities market; or
(b) to any company in respect of matters specified in section 11A, as may be appropriate in the interests of investors in securities and the securities market.
The Securities and Exchange Board of India Act, 1992
