https://www.taxtmi.com/caselaws?id=461242 SEBI found a listed company engaged in fraudulent share trading practices through preferential allotment schemes designed to generate fictitious long-term capital gains. The company artificially inflated share prices, executed stock splits, and facilitated exits for connected entities while misusing funds raised through preferential allotment. The modus operandi involved price manipulation, potential money laundering, and tax evasion. SEBI determined this constituted fraud under PFUTP Regulations and violated multiple provisions of securities law. The Board imposed interim restraint orders preventing the company and related entities from accessing securities markets, buying, selling or dealing in securities to protect investor interests and market integrity pending investigation. en-us Fri, 08 May 2015 00:00:00 +0530 Mon, 24 Mar 2025 19:42:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461242 SEBI found a listed company engaged in fraudulent share trading practices through preferential allotment schemes designed to generate fictitious long-term capital gains. The company artificially inflated share prices, executed stock splits, and facilitated exits for connected entities while misusing funds raised through preferential allotment. The modus operandi involved price manipulation, potential money laundering, and tax evasion. SEBI determined this constituted fraud under PFUTP Regulations and violated multiple provisions of securities law. The Board imposed interim restraint orders preventing the company and related entities from accessing securities markets, buying, selling or dealing in securities to protect investor interests and market integrity pending investigation. Case-Laws SEBI Fri, 08 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461242