In the last Board meeting of Express Limited, a listed company, one of the Board members suggested that she has heard "SEBI has been vested with the same power as are available to a Civil Court under the Code of Civil Pr

Section 11 (3) of the SEBI Act, 1992 provides that the SEBI has been vested with the same powers as are available to a Civil Court under the Code of Civil Procedures, 1908 for trying a suit in respect of the following matters: the discovery and production of books of account and other documents at such place and such time indicated by SEBI, summoning and enforcing the attendance of persons and examining them on oath, inspection of any books, register and other documents of any person referred in section 12 of the Act at any place, inspection of any book or register or other document or record of any listed company or a public company which intends to get its securities listed on any recognized stock exchange, issuing commissions for the examination of witnesses or documents.