Supreme Court · 2004 INSC 471 · Decided 25 August 2004
Clariant International LTD. and ANR. v. Securities and Exchange Board of India
- Court
- Supreme Court of India
- Citation
- 2004 INSC 471 · [2004] SUPP. 3 S.C.R. 843
- Case number
- CIVIL APPEAL No. 3183/2003
- Decided
- 25 August 2004
- Bench
- N. SANTOSH HEGDE, S.B. SINHA, A.K. MATHUR (3-judge bench)
- Outcome
- Disposed off
- Case type
- Civil
- Acts & sections cited
- Constitution
Headnote
Securities and Exchange Board of India Act, 1992: Section 2(2)-"Shareholders "-Rights of-Held: Purely contractual in nature. Section 1 I-Interest of investors in security-Power of Board-Held: Board has wide power to issue directions both in the interest of the securities market as well includes a direction to pay interest. D Sections 11to11-D, 15-A to 15-JA, 15-T. 15-U, 15-V and 15-Z­ Securities Appellate Tribunal-Powers and function of-Jurisdiction­ Nature and scope of-Held: Not in any way fettered by the statute-The Tribunal which is an expert body must, therefore,
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