Page 47 - Banking Finance December 2018

ne ear ree o p i entar ffi iate Me ership
orth Rs.2 herein o i recei e a e ers
enefit for ear.
ree cop of oo Ris Mana e ent in ndia
rrent cenario orth Rs. ith e er de e ate.
ree cop of he ns rance i es o rna
e cop for onths orth Rs.
M MB R o a e pa ent n ine for Rs.
RM Me ers Rs. 7 per e e ate is o nt
Rs. 7 per de e ate hich inc des
ree cop of oo Ris Mana e ent in ndia
rrent cenario orth Rs. ith e er de e ate.
ree cop of he ns rance i es o rna
e cop for onths orth Rs.
RM M MB R o a e pa ent n ine for Rs. 7

o an a so pa thro h on ine an in i e Re ister o a
etai s e o Ris Mana e ent sso iation of n ia

B n t i s o ssoci tion 2 Baranashi hosh treet ear irish ar
Ris Mana e ent sso iation of n ia o ata 7 7. ndia
Ban of ndia cco nt er 2 7 2 hone 22 22
Branch i e anan a Roa Bran h ai info r aindia.or
pe of cco nt a in s e site .r aindia.or
ode B 2
M R ode 7

n o e ta epart ent pro in o er 2 entities

he inco e ta epart ent is pro in at east 2 entities that ha e traded thro h ro ers and a e ed
e aded ta es of a o t Rs crore thro h non en ine trades in the i i id stoc option se ent of the Bo a
toc chan e B td et een 2 and 2 so rces to d. he pro e fo o s an in esti ation the ec rities
and chan e Board of ndia e i on 72 entities in a case re ated to a e ed tradin irre arities in that se ent.

ccordin to so rces hi e one set of these entities repeated inc rred si nificant osses e ec tin re ersa trades
another set ade si nificant profits eco in their co nter parties in a e ed orchestrated trades ith a co on
o ecti e to e ec te non en ine trades. Most of the re ersa of trades a e ed happened ith the sa e co nter
part either on the sa e da or the ne t da said so rces. he a era e dai t rno er in B s stoc options se ent
as a o t Rs 72 crore in and Rs crore in .
he ta a enc has fo nd that of the 2 entities nder scanner at east are ased in o ata. he
depart ent is no in the process of draftin a tandard peratin roced re for its assessin officers to dea
ith each of these cases and assess ta ia i ities. here is a need for si i arit of approach in ta in action a ainst
these entities so e need an said a ta officia .
he e i pro e fo nd that 72 entities ere a e ed in o ed in e ec tin non en ine trades in B s stoc options
se ent et een pri 2 and epte er 2 and io ated the pro isions of e i rohi ition of ra d ent and
nfair rade ractices re atin to ec rities Mar et Re ations 2 . se ent the depart ent identified
another entities that a e ed e ec ted si i ar trades in io ation of e i nor s.

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