The Securities and Exchange Board of India (SEBI) took up 94 new cases for investigation of alleged violation of securities market regulations in the last financial year.
In its annual report for 2020-21, the capital market regulator said that it completed investigation of 140 cases during the year.
“During 2020-21, 94 new cases were taken up for investigation and 140 cases were completed in comparison to 161 new cases taken up and 170 cases completed in 2019-20,” it said.
The total of 94 cases include 41 instances of market manipulation and price rigging, 30 cases of insider trading, 3 cases pertaining to takeovers. Around 20 cases were in the ‘miscellaneous’ category.
Which include alleged violations of listing conditions, disclosure requirements, SCRA, preferential allotment requirements and violations by statutory auditors, among others.
“During 2020-21, 46 cases (32.9 per cent) pertained to market manipulation and price rigging, 40 cases (28.6 per cent) pertained to insider trading, four cases (2.9 per cent) pertained to takeovers, two cases (1.4 per cent) pertained to ‘issue’ related manipulation and 48 cases (34.3 per cent) pertained to other violations of securities laws,” the annual report said.