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    Question

    According to Regulation 2 of SEBI (Prohibition of Fraudulent and Unfair Trade Practices Relating to Securities Market) Regulations, 2003, "fraud" in the context of dealing in securities includes

    A Only acts committed in a deceitful manner Correct Answer Incorrect Answer
    B Acts committed by a person knowingly Correct Answer Incorrect Answer
    C Any act, expression, omission, or concealment, with or without wrongful gain or loss avoidance Correct Answer Incorrect Answer
    D Acts committed by an agent on behalf of a person dealing in securities Correct Answer Incorrect Answer
    E Only acts specifically declared as fraudulent by other laws Correct Answer Incorrect Answer

    Solution

    As per Reg 2 (c) “fraud”includes any action ,expression,omission of a deceitful manner or not by a person or by any other person with his connivance or by his agent while dealing in securities in order to induce another person or his agent to deal in securities, whether or not there is any wrongful gain or avoidance of any loss.

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