N. Narayanan v. SEBI
(2013) 12 SCC 152 · Supreme Court of India
Manipulation of accounts and share price is market fraud; SEBI may debar those in control of the company.
Unit II · Law of Investments and Securities
Contracts in securities and prohibition of undesirable bargains
Study aid only. Confirm statute numbers with the current bare Act and the official OU LL.B. (3-YDC) 2024–25 syllabus PDF.
Statute sections
| Act / instrument | Section | Name |
|---|---|---|
| Securities Contracts (Regulation) Act, 1956 | 13 | Contracts in notified areas illegal in certain circumstances |
| Securities Contracts (Regulation) Act, 1956 | 16 | Power to prohibit contracts in certain cases |
| Securities Contracts (Regulation) Act, 1956 | 18A | Contracts in derivatives |
| Securities Contracts (Regulation) Act, 1956 | 23 | Penalties |
Landmark cases
SEBI v. Shriram Mutual Fund
(2006) 5 SCC 361 · Supreme Court of India
Breach of securities-market regulations attracts civil penalty even without proof of dishonest intention.