Karur Bank”. Aditya Gupta knew that the share price of Vandan Bank would rise on the
announcement. Being a part of the
hank, he was not allowed to buy shares of the hank. Hie
called one of his rich friends Nimesh and asked him to invest? 6 crores in the shares of his
bank promising him the capital gain. As expected. the share prices went up by 40% and the
market price of Nimesh's
shares was now * 8.4 crores Rupees. He had earned a profit of 24
crores Rupees. He gave 3 1.2 crore Rupees to Mr. Aditya Gupta and kept 1.2 crore with
him. On regular inspection and by conducting enquiries of the brokers involved, Securities
and Exchange Board of India (SEBI) was able to detect this irregularity. SEBI imposed a
heavy penalty on Aditya Gupta.
By quoting the lines from the above para identify and state any two function, that were
(4 Marks) (CBSE, OD & FOREIGN 2016]
performed by SEB1 in the above case.
CASELE 11: Mr. Aditya Gupta was the chairman of 'Vandan Bank'. The Bank was eaming
good profits. Shareholders were happy as the bank was paying regular dividends. The
market price of their shares was also steadily rising. The bank announced taking over of
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