The SEBI (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market) Regulations, 2003 were enacted with a view to secure interests of investors and to prevent any kind of unfair and fraudulent trade practices which shall affect the integrity of the securities market. In SEBI vs. Kanaiyalal Baldevbhai Patel and Ors., Court observed that the object and purpose of this Regulation is to safeguard the investing public and honest businessmen. Its aim is to prevent exploitation of the public by fraudulent schemes and worthless securities through misrepresentation, to place adequate and true information before the investor, to protect honest enterprises seeking capital by accurate disclosure, to prevent exploitation against the competition afforded by dishonest securities offered to the public and to restore the confidence of the prospective investor in his ability to select sound securities.
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Upload your own papers! Earn money and win an iPhone X. -
Upload your own papers! Earn money and win an iPhone X. -
Upload your own papers! Earn money and win an iPhone X. -
Upload your own papers! Earn money and win an iPhone X.