Section 23-I of SCRA : Section 23-I: Power To Adjudicate
SCRA
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Explanation using Example
Imagine a scenario where a stockbroker has been accused of violating certain regulations under the Securities Contracts (Regulation) Act, such as insider trading or failing to maintain proper records. Under Section 23-I of the Act, the Securities and Exchange Board of India (SEBI) would appoint an adjudicating officer to conduct an inquiry into the stockbroker's actions.
The adjudicating officer, who must be at least at the rank of a Division Chief within SE...
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