SC stays SAT’s order on SEBI’s power to bar auditors from auditing books of listed co.

SEBI : Supreme Court stays operation of para 78 of order of SAT in Price Waterhouse & Co. v. Securities & Exchange Board of India [2019] 109 taxmann.com 79 (SAT - Mumbai) where it was held that SEBI did not have power to bar auditors from auditing books of a listed company, as such direction was clearly punitive and violative of article 19(1)(g) of Constitution of India as it took away fundamental right to carry on its business

from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000191759/sc-stays-sat’s-order-on-sebi’s-power-to-bar-auditors-from-auditing-books-of-listed-co.aspx