Bse Clarifies To Sebi On Move To Revoke Shah Decision

This was confirmed by Sebi officials, who said they were satisfied with the BSE action.

BSE sources said the decision was invoked under Rule 120 (xiv), which details the enforcement of rules, bye-laws and regulations of the governing board under the broader chapter of powers of the board.

The section states that the governing board shall be deemed empowered to review, reconsider, modify or rescind any resolution, order, notices, direction and decision. The board would also have general powers to supervise and direct all matters