Issuing undated and unsigned circular by stock broker containing statements contrary to terms of sanction by Controller of Capital Issues Whether attracts penal provisions https://www.taxtmi.com/circulars?id=10623 Issuance by a stock broker firm of an undated, unsigned circular containing statements materially contrary to the terms under which a capital issue was sanctioned can fall within the penal provisions governing the offer and sale of shares; stock brokers acting as underwriters are required to observe a strict code of conduct and exchanges are expected to monitor and act on such conduct. en-us Wed, 22 Sep 1954 00:00:00 +0530 Tue, 21 Jun 2011 13:57:00 +0530 TaxTMI RSS Generator Issuing undated and unsigned circular by stock broker containing statements contrary to terms of sanction by Controller of Capital Issues Whether attracts penal provisions https://www.taxtmi.com/circulars?id=10623 Issuance by a stock broker firm of an undated, unsigned circular containing statements materially contrary to the terms under which a capital issue was sanctioned can fall within the penal provisions governing the offer and sale of shares; stock brokers acting as underwriters are required to observe a strict code of conduct and exchanges are expected to monitor and act on such conduct. Circulars Companies Law Wed, 22 Sep 1954 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10623