The Supreme Court of India, in its judgement in case of SEBI v. Kishore R. Ajmera delivered on 23 Feb. 2016, dealt with this question. Facts in brief: A broker with his sub-broker were allegedly involved in creation of artificial volumes in an illiquid scrip of Malvica Engineering Ltd, who matched volumes for their two … Continue reading What is the degree of proof required to hold brokers/sub-brokers liable for fraudulent/manipulative practice?
Category: SEBI
Securities and Exchange Board of India
SEBI and insider trading
Gist of provisions of SEBI Act, 1992 dealing with Insider Trading. Section 12A(d) prohibits, inter alia, engaging in insider trading. Section 11(2)(g) empower SEBI to take appropriate measures to protect the interest of investors in securities and to promote the development of securities market and to regulate securities market. Such measure of SEBI includes, inter … Continue reading SEBI and insider trading
SEBI Insider Trading Regulations 2015 and 1992 – comparison
SEBI Prohibition Insider Trading Regulations 2015 and 1992 - comparison SEBI (Prohibition of Insider Trading) Regulations, 2015 (base w.e.f. 16 May 2015) SEBI (Prohibition of Insider Trading) Regulations, 1992 (w.e.f.19th Nov. 1992 to 15th May 2015) Comments. (Unless otherwise specified, reference is to 2015 regulations) 2 (1) (b) “Board” means the Securities and Exchange Board … Continue reading SEBI Insider Trading Regulations 2015 and 1992 – comparison
Section 24 Power of Securities and Exchange Board to regulate issue and transfer of securities, etc.
CHAPTER III PROSPECTUS AND ALLOTMENT OF SECURITIES [Sections 23 to 42] Provisions of the Companies Act, 2013: Section 24: Power of Securities and Exchange Board to regulate issue and transfer of securities, etc. For this provision, no rules are prescribed the Companies Rules, 2013. [Section 24 is brought to force with effect from September 12, … Continue reading Section 24 Power of Securities and Exchange Board to regulate issue and transfer of securities, etc.
