Section 15Y

Civil Court not to have jurisdiction.

The Securities and Exchange Board of India Act, 1992

  • Act 15 of 1992
  • Ministry of Finance
  • Department of Economic Affairs
About this Act

An Act to provide for the establishment of a Board to protect the interests of investors in securities and to promote the development of, and to regulate, the securities market and for matters connected therewith or incidental thereto.

All sections
    1[15Y. Civil Court not to have jurisdiction.-- No civil court shall have jurisdiction to entertain any suit or proceeding in respect of any matter which an adjudication officer appointed under this Act or a Securities Appellate Tribunal constituted under this Act is empowered by or under this Act to determine and no injunction shall be granted by any court or other authority in respect of any action taken or to be taken in pursuance of any power conferred by or under this Act.]

Notes

1. Ins. by Act 9 of 1995, s. 9 (w.e.f. 25-1-1995).

Source: India Code (Legislative Department, Govt. of India). Check the official Gazette before relying on it in court. Not legal advice. Free legal aid: 15100 (NALSA) · Know your rights

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