Supreme Court · 2016 INSC 510 · Decided 11 July 2016
Securities and Exchange Board of India v. M/S. Opee Stock-Link LTD. & ANR.
- Court
- Supreme Court of India
- Citation
- 2016 INSC 510 · [2016] 4 S.C.R. 171
- Case number
- CIVIL APPEAL No. 2252/2010
- Decided
- 11 July 2016
- Bench
- ANIL R. DAVE, R. BANUMATHI (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Contract Act
Headnote
171 SECURITIES AND EXCHANGE BOARD OF INDIA v. M/S. OPEE STOCK-LINK LTD. & ANR. (Civil Appeal No. 2252of2010) JULY 11, 2016 [ANIL R. DAVE AND R. BANUMATHI, JJ.) Securities Contracts (Regulation) Act, 1956 - ss. 13, 2(i) - Securities and Exchange Board of India Act, 1992 - s. 12A(a), (b), (c) offered to public at large by two companies - Shares over subscribed - Shares meant for Retail Individual Investors cornered through hundreds of benami/fictitious demat account holders through off market transactions - Violation ofs. 12A(a), (b). (c) of the SEBI Act and Regs 3 and 4(1) of the
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