SEBI: Where appellant RIL decided to sell 5% of its shareholdings in RPL and it took route with help of its agents to perpetuate scheme in cornering a substantive portion of market-wide position limit in relevant RPL Futures Contract, same was manipulation of market and such manipulation could not be treated simply as a position limit violation and it was undoubtedly a pre-planned strategy of manipulation, with all actions done by a single entity,SEBI: Where appellant RIL decided to sell 5% of its shareholdings in RPL and it took route with help of its agents to perpetuate scheme in cornering a substantive portion of market-wide position limit in relevant RPL Futures Contract, same was manipulation of market and such manipulation could not be treated simply as a position limit violation and it was undoubtedly a pre-planned strategy of manipulation, with all actions done by a single entity,www.taxmann.com Latest Case LawsRead More
