You are viewing the translated version of बोर्डको विशेष अधिकार.

Section 90
Special Powers of the Board

(1) For the purposes of regularizing and managing the securities transactions, keeping in mind the development of the capital market and the interests of investors, the board may use the following special powers:- (a) If the general meeting which is required to be called by the organized organization that has issued securities to the public is not convened within the prescribed time, such general meeting shall be called. To give an order to the organized organization, (b) to order the return of the amount collected for such securities if the organized organization that issued the securities to the public does not distribute the securities within the stipulated time, (c) to give instructions to the related organized organizations to list any securities or to stop the trading of any securities, (d) ) to consult with the securities market and order to close the securities market for a maximum period of five days, (e) to specify a certain time and give instructions to amend the regulations by specifying the regulations of the securities market within that time or to issue new regulations as needed, (f) Having financial statements and financial reports submitted by securities issuing organizations and securities traders reviewed or examined by accounting experts as needed, (g) Giving instructions to organized organizations that have registered securities to improve the management, financial management and other related arrangements of that organization, (h) Instructing the related stock market to restructure the board of directors of the stock market, (j) If the stock market receives information that any action has been taken against its member in accordance with section 52, take appropriate action against such member or revoke the license of such member, (j) Stock market, stock market If any director or employee of an organized organization that registers securities or traders violates this Act or the rules and regulations made under this Act and the order or instructions issued by the Board thereunder, the related securities market, securities traders or Ordering the organization to register the securities, (k)If the securities market, securities business or the organized organization registering the securities does not conduct an audit in time or if an auditor cannot be appointed for any other reason, the appointment of an auditor to examine the accounts, cash, and tangible assets of such securities market, securities business or the organized organization registering the securities (2) It shall be the duty of everyone concerned to comply with the orders or instructions given by the Board using the special authority as per sub-section (1). (3) The remuneration of the auditor appointed as per clause (k) of sub-section (1) shall be borne by the relevant organization. (4) ) the details of the actions taken by the Board in relation to the regulation, monitoring, inspection and investigation of the related organized organizations in accordance with this paragraph and the necessary details regarding whether the related organized organizations have complied with the orders or instructions given by the Board in accordance with this Act or the rules, regulations or guidelines made under this Act, as prescribed will make it public.