What is the 10C rule?

VOLUNTARY RETIREMENT OR SEPERATION [Sec. 10(10C) AND RULE 2BA] 1. If an employee receives compensation(whether in one go or in installments) on voluntary retirement or separation, Sec 10(10C) provides for exemption for such amount, subject to a maximum of 5,00,000.

What happens if you violate the Securities Exchange Act of 1934?

Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. If the DOJ prosecutes the case as criminal securities law violations—insider trading—the penalties include a maximum of 20 years imprisonment and fines of $5,000,000 for an individual and $25,000,000 for a corporation.

What does the Securities Exchange Act of 1934 cover?

The Securities Exchange Act of 1934 (SEA) was created to govern securities transactions on the secondary market, after issue, ensuring greater financial transparency and accuracy and less fraud or manipulation. It also monitors the financial reports that publicly traded companies are required to disclose.

What is Section 10 B of the Securities Exchange Act of 1934?

Section 10(b) makes it unlawful to “use or employ, in connection with the purchase or sale of any security” a “manipulative or deceptive device or contrivance in contravention of such rules and regulations as the [SEC] may prescribe.” 15 U.S.C.

What is the maximum amount of exemption under section 10 10C?

The maximum amount of exemption available under section 10(10C) of the Income Tax Act– INR 5 Lakhs.

Does a 10 C increase in temperature really reduce the life of electronics by half?

In fact, a temperature increase of 10 degrees Centigrade is generally accepted as cutting the life of a device in half. Likewise, reducing the temperature by 10 degrees can double its expected life.

What actions can the SEC take against a violation of the Securities Exchange Act of 1934?

When market participants violate federal securities laws, the SEC can bring a civil enforcement action. The SEC or Department of Justice can also bring criminal actions for particularly serious violations. The Exchange Act also allows investors to sue market participants who have defrauded them.

What is the securities Act of 1934 also known as the securities Act of 1934 is also known as the Act?

The Securities Exchange Act of 1934 (also called the Exchange Act, ’34 Act, or 1934 Act) ( Pub. L. 73–291, 48 Stat. 881, enacted June 6, 1934, codified at 15 U.S.C. § 78a et seq.) is a law governing the secondary trading of securities (stocks, bonds, and debentures) in the United States of America.

What is Section 10 B of the Exchange Act?

Section 10(b) of the Securities Exchange Act of 1934 (as amended) (Exchange Act), which prohibits fraud in the purchase or sale of securities (15 U.S.C. § 78j(b)). Securities and Exchange Commission (SEC) Rule 10b-5, which contains the general, catch-all, anti-fraud provision of the federal securities laws (17 C.F.R.

What is a 10 B claim?

Section 10(b) of the Securities Exchange Act of 1934 [15 USC § 78j(b)] provides that: It shall be unlawful for any person, directly or indirectly, by the use of any means or instrumentality of interstate commerce or of the mails, or of any facility of any national securities exchange…

What does section 10 ( b ) of the Securities Act of 1934 prohibit?

Section 10(b) (codified in 15 U.S.C. § 78j) is the primary anti-fraud statutory provision. The SEC primarily enforced this anti-fraud provision under Rule 10b-5, which prohibits the use of any “device, scheme, or artifice to defraud.”.

What can the SEC do under the Exchange Act?

Under the Exchange Act, the SEC can sanction, fine, or otherwise discipline market participants who violate federal securities laws. The SEC can also issue rules pursuant to specific statutory provisions, to help effectuate those provisions. Under the Exchange Act, market participants are subject to direct SEC regulation.

Is the New York Stock Exchange subject to SEC regulation?

Under the Exchange Act, market participants are subject to direct SEC regulation. Securities exchanges, such as the New York Stock Exchange and NASDAQ, must register with the SEC under Section 5 (codified in 15 U.S.C. § 78e) and Section 6 (codified in 15 U.S.C. § 78f ).

How are securities registered under the Securities Exchange Act?

SEC’s Regulatory Responsibilities. To further this goal, all securities traded on the securities exchanges must be registered under Sections 12 (a) and 12 (b) of the Exchange Act (codified in 15 U.S.C. § 78l (a)- (b) ), with the issuers of the securities disclosing comprehensive information about themselves in the registration process.