either
pending investigation or enquiry or on completion of such
investigation or enquiry". The word 'investigation' as used in section ... been defined. It obviously refers to the investigation as
ordered under section 11-C of the Act because sections 11-C and
11(4) were
SEBI (FUTP) Regulations, 1995 define dealing in securities and fraud and regulation 7 provide for investigation. The availability of power therein and the power ... availability of power of investigation to a person buying selling or otherwise dealing in securities. Regulation 2(b) which defines 'dealing in securities
passed by the Board only "either pending investigation or enquiry or on completion of such investigation or enquiry." Section ... interim directions / orders. Let us take the 'investigation' first. This word has not been defined in the Act. Sub-section (4) of Section
Price Waterhouse & Co. And Ors. vs Sebi on 9 September, 2019
Author: Tarun Agarwala
Price Waterhouse, Bangalore vs Sebi on 9 September, 2019
Author: Tarun Agarwala
Bench: Tarun Agarwala
S. Gopalakrishnan vs Sebi on 9 September, 2019
Author: Tarun Agarwala
Bench: Tarun Agarwala
BEFORE
facie covered under the
expression 'fraud'/ 'fraudulent' as defined under the
Securities and Exchange Board of India (Prohibition
of Fraudulent ... fraud'/'fraudulent' as defined under the
PFUTP Regulations and accordingly pending further investigation, the 22
stock brokers (including the appellants) have been
have
contributed to positive LTP in the scrip of Polytex during the
investigation period.
16. It is the submission of the learned counsel ... entire investigation
period in terms of total buys and sells which is not how reversal
17
trade is defined. For a trade to be considered
contain detailed provisions as to the manner and circumstances in which investigation may be carried out, regulations 11 and 12 provide for the procedure ... respondent in cases of 'market manipulation' and these regulations also defines and limits the purposes for which such directions can be issued. Shri
Regulations which defines an 'insider'. The learned counsel
further submitted that SEBI in its investigation report
investigated one Ajay Bhalla and his firm
