Section 20A
Bar of jurisdiction.
The Securities and Exchange Board of India Act, 1992
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.
1[20A. Bar of jurisdiction.--No order passed by the 2
[Board or the adjudicating officer] under this
Act shall be appealable except as provided in 3
[section 15T or section 20] and no civil court shall have
jurisdiction in respect of any matter which the 2
[Board or the adjudicating officer] is empowered by, or
under, this Act to pass any order 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 order passed by the 2
[Board or the
adjudicating officer] by, or under, this Act].
Notes
1. Ins. by Act 9 of 1995, s. 11 (w.e.f. 25-1-1995).
2. Subs. by Act 32 of 1999, s. 12, for "Board" (w.e.f. 16-12-1999).
3. Subs. by s. 12, ibid., for "section 20" (w.e.f. 16-12-1999).
2. Subs. by Act 32 of 1999, s. 12, for "Board" (w.e.f. 16-12-1999).
3. Subs. by s. 12, ibid., for "section 20" (w.e.f. 16-12-1999).