Supreme Court · 2016 INSC 535 · Decided 15 July 2016
Securities and Exchange Board of India v. Gaurav Varshney & ANR.
- Court
- Supreme Court of India
- Citation
- 2016 INSC 535 · [2016] 7 S.C.R. 1
- Case number
- CRIMINAL APPEAL No. 827/2012
- Decided
- 15 July 2016
- Bench
- J.S. KHEHAR, C. NAGAPPAN (2-judge bench)
- Outcome
- Disposed off
- Case type
- Criminal
- Acts & sections cited
- CrPC Section 251
Headnote
Securities and Exchange Board Act, 1992: s.12(1 B) - Interpretation of - Held: Persons governed by substantive provision of s.12(JB) (Non-proviso category), that is, those who had not commenced the activity of sponsoring or carrying on a collective investment scheme prior to 25.01.1995 activities only after obtaining a certificate of registration - While, persons covered under the proviso category, B c that is, those who were already carrying on such activities were D permitted to continue their activities and after the framing of concerned regulations, they could continue
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