ADVERTISEMENT
1. Petitioners herein have prayed for quashing of the complaint case
being C-671 of 2004 under section 24(1)/27 of the Security and Exchange
SPONSORED
Board of India Act, 1992 (in short, SEBI Act.), Presently pending before the
court of learned Chief Judicial Magistrate, Alipore.
2026:CHC-AS:489
2. The instant complaint has been filed on behalf of the securities and
exchange Board of India (in short SEBI) to prosecute the petitioners for their
alleged deliberate violation of section 11B, 12(1B) of the SEBI Act, 1992 and
Regulations 5 (1) Read with Regulations 68(1), 68(2), 73 and 74 of the
Securities Board of India (collective investment scheme) Regulations 1999.