{"id":8080,"date":"2021-08-31T09:27:33","date_gmt":"2021-08-31T09:27:33","guid":{"rendered":"https:\/\/swaritadvisors.com\/blog\/?p=8080"},"modified":"2021-08-31T09:27:35","modified_gmt":"2021-08-31T09:27:35","slug":"investigation-under-section-11c-of-the-sebi-act","status":"publish","type":"post","link":"https:\/\/swaritadvisors.com\/blog\/investigation-under-section-11c-of-the-sebi-act\/","title":{"rendered":"Investigation Under Section 11C of the SEBI Act \u2013 An Overview"},"content":{"rendered":"\n<p class=\"has-drop-cap\">SEBI was established as a statutory regulatory body on February 21, 1992. It controls and monitors the Indian capital &amp; securities market while ensuring to safeguard the investors\u2019 interests, formulating guidelines and regulations. The head office of SEBI is in Mumbai, and apart from Mumbai, the organization has various regional offices across the country, including Chennai, Ahmedabad, New Delhi, and Kolkata. On the 4<sup>th<\/sup> of April, 1992, the Ordinance was cancelled, and SEBI was accorded with legal powers with the passing of the SEBI Act, 1992 by the Parliament of India. In this blog, we will discuss the functions of SEBI, Provisions under Section 11C of the SEBI Act. <\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3aa6ac7cddc\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3aa6ac7cddc\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/swaritadvisors.com\/blog\/investigation-under-section-11c-of-the-sebi-act\/#Establishment_and_Powers_of_SEBI\" title=\"Establishment\nand Powers of SEBI\">Establishment\nand Powers of SEBI<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/swaritadvisors.com\/blog\/investigation-under-section-11c-of-the-sebi-act\/#Provisions_under_Section_11C_of_the_SEBI_Act\" title=\"Provisions under Section 11C of the SEBI Act\">Provisions under Section 11C of the SEBI Act<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/swaritadvisors.com\/blog\/investigation-under-section-11c-of-the-sebi-act\/#Impounding_of_Documents_%E2%80%93_Section_11C_of_the_SEBI\" title=\"Impounding of Documents &#8211;\nSection 11C of the SEBI\">Impounding of Documents &#8211;\nSection 11C of the SEBI<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/swaritadvisors.com\/blog\/investigation-under-section-11c-of-the-sebi-act\/#Examination_on_Promise_%E2%80%93_Section_11C_of_the_SEBI_Act\" title=\"Examination on\nPromise \u2013 Section 11C of the SEBI Act\">Examination on\nPromise \u2013 Section 11C of the SEBI Act<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/swaritadvisors.com\/blog\/investigation-under-section-11c-of-the-sebi-act\/#Punishment_under_the_Section_11C_of_the_SEBI_Act\" title=\"Punishment\nunder the Section 11(C) of the SEBI Act\">Punishment\nunder the Section 11(C) of the SEBI Act<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/swaritadvisors.com\/blog\/investigation-under-section-11c-of-the-sebi-act\/#Investigation_under_the_Section_11C_of_the_SEBI_Act_%E2%80%93_Case_Study\" title=\"Investigation\nunder the Section 11C of the SEBI Act \u2013 Case Study\">Investigation\nunder the Section 11C of the SEBI Act \u2013 Case Study<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/swaritadvisors.com\/blog\/investigation-under-section-11c-of-the-sebi-act\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Establishment_and_Powers_of_SEBI\"><\/span>Establishment\nand Powers of SEBI<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Before\nwe discuss the provisions under Section 11C of the SEBI Act, it is vital for\nyou to understand the establishment of and Powers or functions of SEBI in\nIndia. SEBI was introduced to observe or monitor unfair practices and to\nsafeguard investors from them. The SEBI is the sole regular of the securities markets\nof India. Its preamble explains its primary function to protect the investors&#8217;\ninterests in securities &amp; encourage the improvement of and control the\nsecurities markets &amp; for matters associated therewith or incid thereto.<\/p>\n\n\n\n<p>The\norganization was established to fulfil the requirements of all the following\ngroups:<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"140\" src=\"https:\/\/swaritadvisors.com\/blog\/wp-content\/uploads\/2021\/08\/image001-25-1024x140.png\" alt=\"SEBI was established to fulfil the requirements of all the following groups\" class=\"wp-image-8083\" srcset=\"https:\/\/swaritadvisors.com\/blog\/wp-content\/uploads\/2021\/08\/image001-25-1024x140.png 1024w, https:\/\/swaritadvisors.com\/blog\/wp-content\/uploads\/2021\/08\/image001-25-300x41.png 300w, https:\/\/swaritadvisors.com\/blog\/wp-content\/uploads\/2021\/08\/image001-25-768x105.png 768w, https:\/\/swaritadvisors.com\/blog\/wp-content\/uploads\/2021\/08\/image001-25.png 1451w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure><\/div>\n\n\n\n<ol><li><strong><em>Intermediaries<\/em><\/strong>:\nSEBI gives a platform to this group and struggles to provide intermediaries\nwith a specialized and competitive market.<\/li><li><strong><em>Issuers<\/em><\/strong>:\nSEBI works to furnish investors with a marketplace where they can raise funds\nsmoothly &amp; fairly.<\/li><li><strong><em>Investors<\/em><\/strong>:\nSEBI also protects the investors and delivers them with correct details about\nthe companies pertinent in public domains and aids the investors take informed\ninvestment decisions &amp; make the market transactions secure.<\/li><\/ol>\n\n\n\n<p><strong><em>Management\nof the Board<\/em><\/strong><\/p>\n\n\n\n<ul><li>The Board consist of the following members:<ol><li>A Chairman;<\/li><li>Two members from amongst the authorities of the Ministry of the Central Government dealing with Finance;<\/li><li>One member from amongst the authorities of the Reserve Bank of India (RBI);<\/li><li>Five other members of whom a minimum of three shall be full-time members to be appointed by the Central Government.<\/li><\/ol><\/li><li>The General Superintendence, management &amp; direction of the Board\u2019s affairs shall vest in a Board of Members, which may exercise all powers &amp; do all acts and other things which may be exercised or done by the Board.<\/li><li>Save as otherwise concluded by regulations, the Chairman of the Board also have the powers of General Superintendence and direction of the Board&#8217;s affairs and may also implement all controls and do all acts &amp; things which may be implemented or done by the Board.<\/li><li>The members and Chairmen of the Board referred to in <strong><em>Clauses (a) &amp; (d) of sub-section (1)<\/em><\/strong> shall be appointed by the Central Government &amp; all members of the Board referred to in <strong><em>Clauses (b) &amp; (c)<\/em><\/strong> of that sub-section shall be nominated by the Central Government and the RBI respectively;<\/li><li>The other members and the Chairman referred to in Clauses (a) &amp; (d) of sub-section (1) shall be persons of capability, integrity, and standing who have shown ability in dealing with issues concerning the securities market or have special awareness or expertise of law, finance, accountancy, economics, administration or in any other things which in the Central Government\u2019s opinion, shall be useful to the Board.<\/li><\/ul>\n\n\n\n<p><strong><em>Powers\nof SEBI:<\/em><\/strong><\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" loading=\"lazy\" width=\"998\" height=\"370\" src=\"https:\/\/swaritadvisors.com\/blog\/wp-content\/uploads\/2021\/08\/image003-2.png\" alt=\"Powers of SEBI\" class=\"wp-image-8084\" srcset=\"https:\/\/swaritadvisors.com\/blog\/wp-content\/uploads\/2021\/08\/image003-2.png 998w, https:\/\/swaritadvisors.com\/blog\/wp-content\/uploads\/2021\/08\/image003-2-300x111.png 300w, https:\/\/swaritadvisors.com\/blog\/wp-content\/uploads\/2021\/08\/image003-2-768x285.png 768w\" sizes=\"(max-width: 998px) 100vw, 998px\" \/><\/figure><\/div>\n\n\n\n<ol><li><strong><em>Quasi-Executive Powers<\/em><\/strong>:\nSecurities and Exchange Board of India has the power to examine the books of\naccounts &amp; other vital documents to collect or spot evidence of\ninfringements or violations. The authority, as mentioned above, makes it easier\nto maintain accountability, clearness, and equality in the securities market.<\/li><li><strong><em>Quasi-Judicial Powers<\/em><\/strong>:\nThis Board has the power to issue judgements in the case of securities market\nfraud and unprincipled practices. If it determines someone breaking the rules,\nthe regulatory body has the authority to apply rules, pass judgements, &amp;\npursue statutory action against the violator.<\/li><li><strong><em>Quasi-Legislative Powers<\/em><\/strong>:\nThe trustworthy body has been entrusted with the power to develop applicable\nrules &amp; regulations to safeguard the investors&#8217; interest. Vital disclosure\nnecessities, Listing Obligations, and insider trading prohibitions are some\ncommon examples of these policies. The SEBI establishes such rules &amp;\nregulations to eliminate securities market offences.<\/li><\/ol>\n\n\n\n<p><strong><em>SEBI\nAct- Section 11C of the SEBI Act<\/em><\/strong><\/p>\n\n\n\n<p>&nbsp;The Act gave SEBI the authority to control the\ncapital market, not just to observe but also to implement the guidelines &amp;\ntwin goals of the SEBI Act, namely, the protection of interests of investors\nand the organized development of capital markets in India. The SEBI Act\ncontrols the following sections:<\/p>\n\n\n\n<ul><li>Members of the Securities and\nExchange Board of India Board of Directors, their composition, and their\nactions;<\/li><li>The roles &amp;\nresponsibilities of the Board are outlined in the SEBI Act;<\/li><li>The funding sources, which\ncomprise donations from the Union Government.<\/li><li>Legal channels &amp; sanctions\nare governed by these rules.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Provisions_under_Section_11C_of_the_SEBI_Act\"><\/span>Provisions under Section 11C of the SEBI Act<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Section\n11c of the SEBI Act talks about the investigation, and these investigations are\nconducted to collect evidence of suspected securities market violations like\ninsider trading, price tampering, artificial market formation, public issue related\nirregularities, and other misconduct, as well as to recognize the companies or\nindividuals accountable for these violations &amp; irregularities. Investigate\npowers of the SEBI are broad, and even before an inquiry is started, it can\nresult in strict civil &amp; criminal penalties; Over the year, the Board has\nbegun its investigating efforts.<\/p>\n\n\n\n<p>The\nSEBI under <strong><em>Section 11C (1)<\/em><\/strong> can direct a person to investigate the affairs\nof such intermediary or anyone affiliated with the securities market at any\ntime by writing an order if the Board has grounds to believe that market securities\ntransactions are being handled in a way that is dangerous for securities market\nor shareholders or the securities market, or if any mediator or an individual\nassociated with the securities has infringed any of the provisions of SEBI Act.<\/p>\n\n\n\n<p>Under\n<strong><em>Section\n11C of the SEBI Act {11C(2), 11C(3)}<\/em><\/strong>, all registers, books, other\ndocuments and records of, or relating to the company should be maintained &amp;\nproduced to the Investing Authority, or any individual certified by it on their\nbehalf, by every office, employee, director of the firm or anyone associated\nwith the securities market. The Investing Authority will have the authority to\nmaintain the records with them for six months and can call for the records\nagain from the intermediaries described under Section 12 if the Investigating\nAgency requires the documents again.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Impounding_of_Documents_%E2%80%93_Section_11C_of_the_SEBI\"><\/span>Impounding of Documents &#8211;\nSection 11C of the SEBI<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>If\nthe investigating authority has substantial grounds to believe that the mediator\nin control of the document can alter, destroy, or hide the records from the\nauthority. The Investigating Authority can apply to the Court or magistrate for\nan order impounding the documents, and the investigation authority is permitted\nto keep the confiscated documents with them until the investigation is completed.<\/p>\n\n\n\n<p><strong><em>Exemption<\/em><\/strong><\/p>\n\n\n\n<p>Unless\na company engages in market management or insider trading, a judge, a\nmagistrate, or Court cannot order the seizure of books &amp; other documents of\na listed public company or a public company (other than the intermediaries\nlisted under Section 12) that aims to get its securities listed on any recognized\nstock exchange.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Examination_on_Promise_%E2%80%93_Section_11C_of_the_SEBI_Act\"><\/span>Examination on\nPromise \u2013 Section 11C of the SEBI Act<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>In\nSection 11C of the SEBI Act, a director, management, employee, or intermediary\nof the company can be questioned under-promise by the investigation agency. The\nagency may take notes on the examination &amp; have the individual examined\nsign it so that it can be used against them as evidence. It necessitates the\npersonal appearance of the individual before the investigative agency.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Punishment_under_the_Section_11C_of_the_SEBI_Act\"><\/span>Punishment\nunder the Section 11(C) of the SEBI Act<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Suppose\na director, management, intermediary, or employee of the company fails to\nprovide information, reports, or documentation that they are required to be\nproduced or fails to contribute personally before an investigation agency or\nsign examination notes. In that matter, they will have to face imprisonment for\nup to one year, or a fine of up to Rs. 1 crores or both as well as a fine of up\nto Rs. 5 lakhs per day during which the failure continues.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Investigation_under_the_Section_11C_of_the_SEBI_Act_%E2%80%93_Case_Study\"><\/span>Investigation\nunder the Section 11C of the SEBI Act \u2013 Case Study<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul><li><strong>Adjudicating\nOfficer (AO) vs Mahesh Kumar Patel (MKP) (2005)<\/strong><\/li><\/ul>\n\n\n\n<p><strong><em>Details<\/em><\/strong><\/p>\n\n\n\n<p>In\nthis matter, SEBI started an investigation in the year 2004 into the unexpected\ngrowth in the process of <strong><em>SSPL (Sword &amp; Shield Pharma Limited) <\/em><\/strong>within\na short duration. On 2nd June, 19<sup>th<\/sup> July, 9<sup>th<\/sup> &amp; 23<sup>rd<\/sup>\nAugust, letters were issued to Mahesh Kumar Patel, the petitioner associated\nwith the investigation under Section 11C of the SEBI Act. The petitioner didn\u2019t\nshow up for their hearing with the Investigating Authority. Adjudication\nprocesses were commenced in response to the claimed non-compliance with the\nsummons of the SEBI.<\/p>\n\n\n\n<p><strong><em>Problem<\/em><\/strong><\/p>\n\n\n\n<p>The\npetitioner alleged that he didn&#8217;t come under the scope, range, and jurisdiction\nof SEBI because he was not a registered intermediary of the SEBI. In response\nto the SEBI&#8217;s letter, the petitioner claimed that Aarushi Consultancy, of which\nhe was the owner and has received an identical letter from SEBI in a similar\ncase. He has already submitted the details required by SEBI, and he didn&#8217;t\n&amp; was not required to submit any other information or details.<\/p>\n\n\n\n<p><strong><em>Judgement<\/em><\/strong><\/p>\n\n\n\n<p>The petitioner is a participant in the securities market, as he is the only owner of <strong><em>Aarushi Consultancy<\/em><\/strong>, and he is also a regular trader in the stock market, as represented by their own <strong>Demat Account<\/strong><sup><a class=\"text-primary\" href=\"https:\/\/en.wikipedia.org\/wiki\/Demat_account\"><strong>[1]<\/strong><\/a><\/sup>. So his argument that he didn&#8217;t come under the jurisdiction was incorrect, and SEBI, under <strong><em>Section 11C (3), <\/em><\/strong>has the authority to call a mediator or any individual affiliated with the securities market to provide information to the investing authority &amp; as an individual in the securities market, he was expected to provide all information to the Investigating Authority that was needed or considered vital for the investigation of the agency. He was not able to prove that the details he was asked for were identical to what Arushi Consultancy required. The primary presumption of the petitioner was that whatever Aarushi Consultancy had provided would be sufficient for the summons he had received.<\/p>\n\n\n\n<p>By\nnot giving the response to the summons &amp; failing to appear before the <strong><em>Investigating\nAuthority (IA)<\/em><\/strong>, he refused the IA the chance to get clarifications or\nextra information from him, which he would have been capable of providing as\nthe owner of Aarushi Consultancy and which couldn&#8217;t be conveyed via written\nsubmissions of the Aarushi Consultancy.<\/p>\n\n\n\n<ul><li><strong><em>Secretary, Government of India\n&amp; Others vs Mitesh Manubhai Sheth (1997)<\/em><\/strong><\/li><\/ul>\n\n\n\n<p>The\nHigh Court of Gujarat in favour of the right of the broker to be shown by a\nlawyer. The Court decided that having a lawyer present is useful not only to\nthe criminal but also to the tribunal or inquiry committee in reaching a just\n&amp; appropriate verdict. Now, it is accepted that, in a matter involving a\njudicial, quasi-judicial, or even administrative decision that affects the\nlegal rights of an individual, the party affected should be allowed to be\nprotected by a lawyer if the facts of the case merit it.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>After discussing the provisions under Section 11C of the SEBI Act, it is concluded that investigations of the SEBI had a positive impact on the financial market over the past years. The SEBI&#8217;s investigations, together with standard surveillance methods, have decreased the number of claimed market manipulations &amp; price rigging cases. A range of administrative and punitive proceedings was taken under the SEBI Act and the various EBI Rules &amp; Regulations. Money penalties, cautions, suspension of activities &amp; suspension of registration, limiting dealing in equities &amp; access to the equity market, asking trustees and key individuals of mutual funds to resign for failing to safeguard the investors\u2019 interests.<\/p>\n\n\n\n<p class=\"text-left\"><b>Read our article<\/b>:<mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/swaritadvisors.com\/blog\/problems-arising-from-the-usage-of-ai-in-ma-due-diligence\/\">Examine the Problems Arising From the Usage of AI in M&amp;A Due Diligence<\/a><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SEBI was established as a statutory regulatory body on February 21, 1992. It controls and monitors the Indian capital &amp; securities market while ensuring to safeguard the investors\u2019 interests, formulating guidelines and regulations. The head office of SEBI is in Mumbai, and apart from Mumbai, the organization has various regional offices across the country, including [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":8088,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[64],"tags":[833],"acf":[],"_links":{"self":[{"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/posts\/8080"}],"collection":[{"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/comments?post=8080"}],"version-history":[{"count":15,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/posts\/8080\/revisions"}],"predecessor-version":[{"id":8105,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/posts\/8080\/revisions\/8105"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/media\/8088"}],"wp:attachment":[{"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/media?parent=8080"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/categories?post=8080"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/tags?post=8080"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}