Chapter-9 Offences Relating to Insider Trading in Securities and Transactions of Securities and Punishment

Section 107: Remedies against undue bias

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If the Board receives any notice, information and a statement that any enlisted company has committed any acts or transactions with undue bias and in a manner against the interests of its members, the Board may order such a company to do as follows:

(a) To refrain from doing such transactions,

(b) To determine procedures for conducting acts and transactions in a manner not to be against the interests of members,

(c) To appoint a manager or trustee, specifying, inter alia, the functions and duties of such a manager or trustee, to do, on behalf of the company, all or any of the acts and transactions of the company,

(d) To issue such orders as may be required to regulate and manage the activities of the company.

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Section 107: Remedies against undue bias

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