Stock Exchange Act, 1995

Powers of Court following consideration of reports.

63.—(1) Having considered a report made under section 62 of this Act, the Court may make such order as it thinks fit in relation to matters arising from that report including—

(a) an order of its own motion for the winding-up of an approved stock exchange or for the winding-up or dissolution of an authorised member firm,

(b) an order for the purpose of remedying any disability suffered by any person whose interests were adversely affected by the conduct of the affairs of the approved stock exchange or authorised member firm provided that, in making any such order, the Court shall have regard to the interests of any other person who may be adversely affected by the order.

(2) If, in the case of any approved stock exchange or authorised member firm liable to be wound up or dissolved under this Act, it appears to the Bank from—

(a) any report made under section 62 of this Act as a result of an application by the Bank under section 57 of this Act, or

(b) any report made by inspectors appointed by the Bank under section 64 of this Act, or

(c) any information or document obtained by the Bank under this Act,

that a petition should be presented for the winding-up or dissolution of an approved stock exchange or authorised member firm, the Bank may, unless the approved stock exchange or authorised member firm is already being wound up or dissolved by the Court, present a petition for it to be so wound up or dissolved if the Court thinks it just and equitable for it to be so wound up or dissolved.