Section 2. Definitions
In this Act, unless the context otherwise requires,--
(a) "Code" means the Code of Criminal Procedure, 1973 (2 of1974);
(b) "Custodian" means the Custodian appointed under sub-section(1) of section 3;
(c) 'securities" includes--
(i) shares, scrips, stocks, bonds, debentures, debenture stock, units of the Unit Trust of India or any other mutual fund or other marketable securities of a like nature in or of any incorporated company or other body corporate;
(ii) Government securities; and
(iii) rights or interests in securities;
(d) "Special Court" means the Special Court established under sub-section (1) of section 5.
Judgements applying section 2
- DisposedOpen
In this appeal against conviction and sentences in the Harshad Mehta securities scam, the Supreme Court upheld the jurisdiction of the Special Court over 'call money' transactions and the competence of the NHB chairman to grant sanction.
DisposedOpenAppeals against Special Court convictions arising from UCO Bank's Rs.50 crore bill discounting transactions benefiting Harshad Mehta's group during the securities scam.
DisposedOpen