Paper III-C Optional

Law of Investments and Securities

SEBI Act, 1992, the Securities Contracts (Regulation) Act, 1956, prospectus and public issue under the Companies Act, insider trading, and the depositories regime.

Study aid only. Confirm statute numbers with the current bare Act and the official OU LL.B. (3-YDC) 2024–25 syllabus PDF.

Unit I: SEBI: establishment, powers and penalties

Object, Board and registration of intermediaries 2 cases Investigation, civil penalty and appeals 2 cases

Unit II: Securities Contracts (Regulation) Act, 1956

Recognised stock exchanges and listing 2 cases Contracts in securities and prohibition of undesirable bargains 2 cases

Unit III: Public issue, prospectus and investor protection

Prospectus, deemed prospectus and shelf prospectus 2 cases Allotment, criminal and civil liability for misstatements 2 cases

Unit IV: Insider trading and fraudulent trade practices

Unpublished price-sensitive information and insider trading 3 cases Fraudulent and unfair trade practices; Harshad Mehta-era lessons 2 cases

Unit V: Depositories and dematerialised securities

Depository, participant and beneficial owner 2 cases Pledge, transfer and SEBI's role in the depository system 2 cases