https://www.taxtmi.com/caselaws?id=111823 Penal regulatory directions under the fraudulent and unfair trade practices framework could not be applied to a public issue that was completed before those regulations came into force, so the debarment could not stand on that basis. The Court also held that minors, lacking contractual capacity, could not be subjected to a capital market restraint as if they had personally undertaken an enforceable market act; any misuse of their names or participation had to be attributed to the person controlling the transaction. The restraint on the minors was therefore set aside, while action against the other concerned persons was maintained. en-us Tue, 13 May 2008 00:00:00 +0530 Mon, 22 Apr 2019 15:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111823 Penal regulatory directions under the fraudulent and unfair trade practices framework could not be applied to a public issue that was completed before those regulations came into force, so the debarment could not stand on that basis. The Court also held that minors, lacking contractual capacity, could not be subjected to a capital market restraint as if they had personally undertaken an enforceable market act; any misuse of their names or participation had to be attributed to the person controlling the transaction. The restraint on the minors was therefore set aside, while action against the other concerned persons was maintained. Case-Laws Indian Laws Tue, 13 May 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111823