Section 23-O of SCRA : Section 23-O: Power To Grant Immunity

SCRA

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Explanation using Example

Let's say Mr. Raj, a director of XYZ Securities Ltd., becomes aware that his company has inadvertently violated certain regulations under the Securities Contracts (Regulation) Act by failing to maintain required levels of transparency in its trading operations. Before any legal action is initiated, Mr. Raj proactively approaches the Securities and Exchange Board of India (SEBI) and provides a full and honest disclosure of the violations, explaining the circumstances and measures taken to rectify the issue.

SEBI, after reviewing the disclosure, recommends to the Central Governmen...

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