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Companies Law - Highlights / Catch Notes

Home Highlights September 2015 Year 2015 This

Unfair Trade Practices relating to Securities Market - ceiling ...


Appellant Breaches 5% Securities Acquisition Limit, Faces Legal Action for Unfair Trade Practice Despite Subsequent Sale.

September 24, 2015

Case Laws     Companies Law     SC

Unfair Trade Practices relating to Securities Market - ceiling of 5% had been violated by appellant - Even if such acquisition is followed by sale in the same financial year, the liability of making the public announcement would remain unaffected and shall attract action, as in this case - SC

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