(637) B.R. ACHARYA Vs. A. ANIL KUMAR PAI[KARNATAKA HIGH COURT] 04-03-2025
Securities and Exchange Board of India Act, 1992 (SEBI Act) — Sections 12(1), 15F, 26 — Penal Code, 1860 — Sections 409, 420 — Applicability of SEBI Act vs. IPC — Unregistered/Unlicensed Person — The provisions of the SEBI Act, particularly those imposing penalties on stock brokers (Section 15F) and governing cognizance of offences under the Act (Section 26, requiring a complaint by the Board), apply primarily to persons registered under Section 12(1) of the Act (stock brokers, sub-brokers, inte
India Law Library Docid # 2424351