TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Highlights
of of All Highlights
Note
Bookmark
Share
Don't have an account? Register Here
of The Board finds that the Respondent engaged in prima facie manipulative and fraudulent trading on index expiry days, contravening section 12A(a),(b),(c) of the SEBI Act and regs 3(a)-(d), 4(1), 4(2)(a) and (e) of the PFUTP Regs, 2003. By disproportionately influencing constituent cash and futures markets to benefit concurrent index option positions, the Respondent effected intra-day index manipulation and 'extended marking the close.' The Board, exercising interim ex-parte powers, directed joint-and-several impoundment of unlawful gains of INR 4,843,57,70,168 in escrow, prohibited market access and dealing in securities, restrained debits/asset transfers subject to SEBI permission, required inventory disclosure within 15 days, permitted limited close-out of open derivative positions within three months, and mandated ongoing exchange surveillance; respondents have 21 days to file objections.
TaxTMI 
TaxTMI 
