Section 23M of SCRA : Section 23M: Offences

SCRA

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Explanation using Example

Imagine a scenario where an individual, Mr. Sharma, is a director of a publicly traded company. He is found to have engaged in insider trading, which is the act of trading a public company's stock or other securities based on material, non-public information about the company. However, suppose the specific act of insider trading Mr. Sharma engaged in is not covered under any specific provision of the Securities Contracts (Regulation) Act, 1956, for which a punishment is explicitly provided.

Under Se...

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