Frauds in Indian Capital Market- A Study
Journal Title: JOURNAL OF COMMERCE AND TRADE - Year 2016, Vol 11, Issue 2
Abstract
India has witnessed major financial frauds almost every year since 1990s. There is well documented history of frauds in the financial markets starting from the (in)famous securities scam by Harshad Mehta (1992),MS Shoes (1995), CRBhansali(1996),Ketan Parikh Scam(2001),DSQ Software Scam (2001), IPO Demat Scam(2006),Vanishing Companies (2007),Satyam (2008), Home Trade (2010),Sahara India pariwar Investor fraud (2010), Home Trade(2010),ULIP Misselling(2011),Saradha Group Financial Scandal (2013), NSEL Scam (2013), PACL ponzi scheme scam(2014). Scams have led to regulatory reforms, forming new institutions and strengthening the institutional framework. This paper studies the role of stock exchanges and SEBI to protect investor interests and to promote fair and orderly securities markets. The study attempts to examine the role of SEBI by ensuring the integrity of markets by detecting market frauds on a proactive basis, investigating abusive, manipulative or illegal trading practices in Indian Securities Markets. The role of market surveillance in ensuring integrity of markets by enabling a safe and sound environment is further examined in this paper.
Authors and Affiliations
Gangineni Dhanaiah, Dr. R. Siva Ram Prasad
Keywords
Related Articles
- EP ID EP249620
- DOI -
- Views 94
- Downloads 0
Monetary Policy of RBI and its Latest Review
The third quarter review of monetary policy the main challenge of RBI to control the inflation without hearting the growth. In the Q2 review RBI increase the SLR (statutory liquidity ratio ) 24 per cent to 25 per cent. Q...
Foreign Direct Investment in India - A Case Study of Supermarkets, Hypermarkets, Superstores and Retailchains
Henry Ford, the genius inventor and the owner of the world’s largest car company, once said, “Don’t find fault, find a remedy”. This saying echoes ever so relevantly in today’s Indian Retail Sector scenario like never be...
Challenges and Impact of Globalization on Indian Economy (The Role and Relevance in Indian Economy)
The world has become a small village, thanks to the rapid means of transportation and telecommunications. Satellite transmission has widened the geographical markets. The countries have become interdependent in terms of...
Corporate Governance and Its Emergence (The Infosys Way)
Corporate governance is a field in economics that investigates how to secure/motivate efficient management of corporations by the use of incentive mechanisms, such as contracts, organizational designs and legislation. Th...
Growth of Indian Rural Market : An Invitation to FMCG Sector
Fast moving consumer goods (FMCG) have attracted Indian villagers, when the urban demands for the goods are getting saturated, the manufacturing companies look at this development as an opportunity, Large FMCG companies...