0150-2006 M-s. Prashant J. Patel vs Securities and Exchange Board of India
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“The word ‘synchronise’ according to the Oxford dictionary means “cause to occur at the same time; be simultaneous”. A synchronised trade is one where the buyer and seller enter the quantity and price of the shares they wish to transact at substantially the same time. This could be done through the same broker (termed a cross deal) or through two different brokers. Every buy and sell order has to match before the deal can go through. This matching may take place through the stock exchange mechanism or off market. When it matches through the stock exchange, it may or may not be a synchr
BEFORE THE SECURITIES APPELLATE TRIBUNAL
MUMBAI Appeal No.150 of 2006
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