Illegal Share Acquisition: Off-Market Trading Violates Section 13 and Section 2(i) of SCRA.

Ingenuine demat account holder - getting excessive number of shares in an irregular manner - The transfer of shares did not comply with the requirements of the provision of either Section 13 or Section 2(i) of the SCRA. Therefore, the off market trading indulged into by the Respondents was rightly held to be per se illegal by the Whole Time Member. - SC .....

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