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Archive: 31 July 2021

Posts in 31 July 2021

No section 24(1) offence compounding without SEBI consent

July 31, 2021 2478 Views 0 comment Print

The offence under Section 24(1) of SEBI Act could not be compounded without SEBI consent as the alleged acts of price rigging and manipulation of the prices of the shares had a vital bearing on investors’ wealth and the orderly functioning of the securities market. SEBI was, therefore, justified in opposing the request for the compounding of the offences.

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