As on February 28, 2023, Securities and Exchange Board of India (SEBI) is investigating the dealings in the shares of 58 companies for violation of SEBI (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market) Regulations, 2003, which includes market manipulation and attendant unfair trade practices. This was stated by Union Minister of State for Finance Shri Pankaj Chaudhary in a written reply to a question in Rajya Sabha today.

The Minister further stated that SEBI has informed that it does not identify shell companies.

Market manipulation investigations target securities dealings under fraudulent and unfair trade rules; regulator says it does not identify shell companies. SEBI is investigating dealings in the shares of multiple companies for alleged violations of the Prohibition of Fraudulent and Unfair Trade Practices relating to the securities market, including market manipulation and attendant unfair trade practices; the regulator reports that it does not identify shell companies.