Securities and Exchange Board of India (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market) (Second Amendment) Regulations, 2020 - SEBI/LAD-NRO/GN/2020/36 - SEBI
📋
Contents
Cases Cited
Referred In
Notifications
Circulars
Forms
Manuals
Acts
Rules & Regulations
Case Laws New
Ref Provisions New
Plus +
Source NTF
Summary
Similar
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Market manipulation: diversion or misutilisation of listed company assets and accounting artifices deemed fraudulent and unfair trade practices. Inserts an explanation into regulation 4(1) clarifying that diversion, misutilisation or siphoning of a listed company's assets or earnings, concealment of such acts, and any device, scheme or artifice to manipulate the books of account or financial statements that directly or indirectly manipulate the price of the company's securities shall be deemed manipulative, fraudulent and an unfair trade practice in the securities market.
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.
Market manipulation: diversion or misutilisation of listed company assets and accounting artifices deemed fraudulent and unfair trade practices.
Inserts an explanation into regulation 4(1) clarifying that diversion, misutilisation or siphoning of a listed company's assets or earnings, concealment of such acts, and any device, scheme or artifice to manipulate the books of account or financial statements that directly or indirectly manipulate the price of the company's securities shall be deemed manipulative, fraudulent and an unfair trade practice in the securities market.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.