Regulation 4 - Prohibition of manipulative, fraudulent and unfair trade practices
Securities and Exchange Board of India (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market) Regulations, 2003 Chapter II PROHIBITION OF FRAUDULENT AND UNFAIR TRADE PRACTICES RELATING TO THE SECURITIES MARKET
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Manipulative, fraudulent and unfair trade practices prohibited across securities market, covering false trading, insider orders and mis selling. Prohibition of manipulative, fraudulent and unfair trade practices forbids persons from engaging in conduct that creates false or misleading appearances in the securities market. Acts expressly captured include diversion or siphoning of listed company assets, mule accounts, transactions without transfer of beneficial ownership intended to affect prices, inducements to secure subscriptions, payments to induce trading, price manipulation, publishing false information, trades without intent to perform, dealing in stolen or fraudulently issued securities (subject to exceptions), dissemination of false advice, misutilisation of client funds, circular trading, fraudulent inducement to enhance brokerage, falsifying records, insider orders, planting false news, mis selling and illegal collective investment schemes.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Manipulative, fraudulent and unfair trade practices prohibited across securities market, covering false trading, insider orders and mis selling.
Prohibition of manipulative, fraudulent and unfair trade practices forbids persons from engaging in conduct that creates false or misleading appearances in the securities market. Acts expressly captured include diversion or siphoning of listed company assets, mule accounts, transactions without transfer of beneficial ownership intended to affect prices, inducements to secure subscriptions, payments to induce trading, price manipulation, publishing false information, trades without intent to perform, dealing in stolen or fraudulently issued securities (subject to exceptions), dissemination of false advice, misutilisation of client funds, circular trading, fraudulent inducement to enhance brokerage, falsifying records, insider orders, planting false news, mis selling and illegal collective investment schemes.
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