Question
While taking evidence under SEBI (Procedure for Holding
Inquiries and Imposing Penalties) 1995 the Board or adjudicating officer shallSolution
Rule 4 SEBI (Procedure for Holding Inquiries and Imposing Penalties) 1995 The Board or the adjudicating officer shall then give an opportunity to such person to produce such documents or evidence as he may consider relevant to the inquiry and if necessary the hearing may be adjourned to a future date and in taking such evidence the Board or the adjudicating officer shall not be bound to observe the provisions of the Evidence Act, 1872
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