Legal Question in Criminal Law in India

Sebi Act.
The stock market is govern by the sebi act,in relation to unfair trade practice relating to the stock market.The powers to investigate the fraud lies with the sebi board.In absence of any investigation carried out by the sebi board,what juridication the court has to declare a transaction carried out by me with the accused ,who have in discharged of his liabilities issued me cheques,which were dishonoured,to be an enforceable transaction.Recently SC has upheld the jugdement of the HC,saying that co-operative banks cannot file the recovery suit against defaulters directly,without been refers to the co-operative court,under land & revenue act.Co-operatine bank are govern by co-operative act.So how can a LL MM arrived to,that the transaction carried out between us are prohibited by law,without any investigation report by sebi.The transaction of ''securities lending & borrowing scheme 1997'',was notified by sebi in the year 1997,known as SLS1997,which has not been withdrawn till-date.I have an information from sebi under RTI act,saying that the said SLS1997,has not been withdrawn by SEBI till-date.I have filed appeal in HC,can you guide me with the line of my arguments.

Asked on 5/25/07, 2:47 am

G. M. Gupta gmguptaandassociates

0 users found helpful

0 attorneys agreed

Re: Sebi Act.

u need not to look for SEBI if ur matter is regarding cheque bounce.

otherwise ask question properly about what u want and what is ur status

be brief

Answered on 5/25/07, 2:11 pm

Shrichand Nahar S.V.Nahar, Advocate

0 users found helpful

0 attorneys agreed

Re: Sebi Act.

SEBI has no jurisdiction in criminal matters.

Answered on 5/25/07, 4:39 am

Keywords

Match Any Match All

Country

State

Area of Law