HC upholds validity of Regulation 15A of SEBI Investor Advisors norms which provides for mode of charging fee to clients

COMPANY LAW/SEBI : Board (SEBI) having express power to regulate working of Investment Advisors under section 11(2)(b) of SEBI Act which encompasses measures to provide for manner of charging of fees as well as cap of fees and thus, insertion of Regulation 15A to SEBI (Investment Advisors) Regulations, 2013 is clearly within delegation made in favour of the Board under section 30(1) of SEBI Act; Regulation 15A of SEBI (Investment Advisors) Regulations,

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