https://www.taxtmi.com/caselaws?id=103573 The Special Court under the Special Court (Trial of Offences Relating to Transactions in Securities) Act, 1992 was construed to have criminal jurisdiction over offences relating to securities transactions committed during the specified period, even where the accused was not a notified person under section 3(2). The scheme of sections 3, 4, 6, 7, 8, 9A, 11 and 13 was read as distinguishing civil consequences for notified persons from criminal prosecution for transaction-related offences. A narrower reading tied to notification status was rejected because it would create an anomalous and truncated jurisdiction dependent on the Custodian's discretion. The alleged entrustment and sale of shares was treated as an offence relating to transactions in securities. en-us Thu, 15 Jan 1998 00:00:00 +0530 Mon, 07 Jul 2014 14:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103573 The Special Court under the Special Court (Trial of Offences Relating to Transactions in Securities) Act, 1992 was construed to have criminal jurisdiction over offences relating to securities transactions committed during the specified period, even where the accused was not a notified person under section 3(2). The scheme of sections 3, 4, 6, 7, 8, 9A, 11 and 13 was read as distinguishing civil consequences for notified persons from criminal prosecution for transaction-related offences. A narrower reading tied to notification status was rejected because it would create an anomalous and truncated jurisdiction dependent on the Custodian's discretion. The alleged entrustment and sale of shares was treated as an offence relating to transactions in securities. Case-Laws Companies Law Thu, 15 Jan 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103573