The poor live in the "Backstreets", a labyrinth of crammed alleyways and streets where crime runs rampant and human mortality is at an all time high. With this advancement in technology and power, comes a massive gap between the rich and poor, to the point where there are two different urban sectors splitting the castes. It is split into 26 districts among the 25 Wings and Head. These all gather in one gigantic urban complex, known as the "City". To control these corporations would be the "Head", a mysterious group that rules the world with a dystopian grip. These mega corporations would grow to control vast sectors of cities, becoming the dominant force and government, known as "Wings". Examples being teleportation, nanotechnology, androids, and other sci-fi tech. The "Singularities" advance technology so greatly that what was thought science fiction becomes reality. Suddenly the powerful technologies known as "Singularities" are discovered and harnessed by various corporations. The steps involved during the investigation process include the analysis of market data like order and trade log, transaction statements and exchange report.Īmong others, Sebi also analysed bank records like account and Know Your Customer (KYC) details, information about a firm, call data records and information obtained from market intermediaries during the investigation process.Īfter completion of an investigation, the watchdog said, penal action was initiated wherever violations of securities laws and obligations relating to the securities market were observed.The game world takes place on an alternate Earth many years into the future, humans have exhausted nearly all resources of the planet. "The purpose of the investigation is to gather evidence and to identify persons/ entities behind irregularities and violations so that appropriate and suitable regulatory action can be taken, wherever required," the annual report noted. Sebi initiates investigation based on reference received from sources such as its integrated surveillance department, other operational departments and external government agencies. Of the total 59, as many as 38 cases taken up for investigation were related to market manipulation and price rigging 17 cases for insider trading and the remaining four pertained to other violations of securities law. "During 2021-22, 59 new cases were taken up for investigation and 169 cases completed in comparison to 94 new cases taken up and 140 cases completed in 2019-20," the report noted. The cases were related to alleged violation of securities law, including market manipulation, price rigging and insider trading. The Securities and Exchange Board of India (Sebi) is empowered to recover penalties imposed by the Adjudicating Officer, amount directed to be disgorged and money ordered to be refunded to the regulator.Īlso, the markets watchdog took up as many as 59 new cases, pertaining to flouting securities law, for investigation during 2021-22, which is way lower than 94 cases taken up in the preceding financial year. It clarified that segregation of such DTR dues is purely an administrative act and this will not preclude the recovery officers from recovering the amount so segregated as DTR as and when there is a change in any of the DTR parameters from the recovery point of view. In its annual report, the regulator has categorised dues worth Rs 67,228 crore as Difficult To Recover (DTR).ĭefining DTR, Sebi said these dues are the ones which could not be recovered even after exhausting all the modes of recovery. In these cases, Sebi's recovery proceedings are subject to directions of respective courts or committees. Also, Rs 68,109 crore, amounting to 70 per cent of the total dues, is subject to parallel proceedings before various courts and court-appointed committees.
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