Section 237
of Securities Markets Order, 2013
Section 237
(2)
If, on the application of the Authority, the Court is satisfied -
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{aJ that there is a reasonable likelihood that any person has or is likely to contravene any provision of the regulations made by the Authority;
(bJ that any person has employed or is likely to employ a disqualified person and has made or is likely to make any misleading statements and practices;
(c)
that there is a reasonable likelihood that any person has contravened or is likely to contravene the regulations of a licensed securities exchange, a licensed clearing house or a central securities depository to which that person is subject and which· regulate the carrying on by him of regulated activities; or
(d)
that any person has contravened any such provisions and that there is a reasonable likelihood that the contravention will continue or be repeated, the Court may grant an injunction restraining the contravention or make an order requiring that person and any other person who appears to the Court to have been knowingly concerned in the contravention, to take such steps as the Court may direct to remedy such contravention.
Liquidation orders.