‘Mens Rea’ seems to be missing from SEBI’s new mandate on wilful defaulters

Bar & Bench June 10 2016
SEBI

Puneet Shah

A basic principle of criminal law is that a crime consists of both a mental and a physical state of affair. ‘Mens Rea’ being a mental element refers to a person's consciousness of the fact that his conduct is criminal, whilst the act of crime itself is the physical element.

Last month, the country's capital market regulator SEBI

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