19. Power of board to give directions in certain cases.- Save as provided in this Act, if after making or causing to be made an enquiry or inspection, die Board is satisfied that it is necessary- (i) in the interest of investors, or orderly development of securities market; or
(ii) to prevent the affairs of any depository or participant being conducted in the manner detrimental to the interests of investors or securities market, it may issue such directions-
(a) to any depository or participant or any person associated with the securities market; or
(b) to any issuer, as may be appropriate in the interest of investors or the securities market.
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