Interactive flat panels meeting automatic data processing conditions are distinguished from monitors, while later classification clarifications apply ...
Statutory transfer formalities invalidated alleged share and property transfers, while retrospective record manipulation constituted oppression and mi...
Provisional attachment of laundered funds and equivalent-value property sustained, with statutory protection limited to pension, gratuity and providen...
The AT upheld SEBI's discretion to levy interest on outstanding registration fees as per Regulation 5 of Schedule-III of Stockbrokers Regulations, 2002, which mandatorily provides for charging 15% interest. The AT ruled that SEBI had no discretion in charging interest, which is compensatory in nature. It directed SEBI to credit interest at 15% p.a. for the brief period from September 6, 2003 to October 1, 2003 when the appellant had a credit balance, but dismissed other claims regarding interest calculation since the appellant had already received credit for interest from 2006 to 2019.
The AT upheld SEBI's discretion to levy interest on outstanding registration fees as per Regulation 5 of Schedule-III of Stockbrokers Regulations, 2002, which mandatorily provides for charging 15% interest. The AT ruled that SEBI had no discretion in charging interest, which is compensatory in nature. It directed SEBI to credit interest at 15% p.a. for the brief period from September 6, 2003 to October 1, 2003 when the appellant had a credit balance, but dismissed other claims regarding interest calculation since the appellant had already received credit for interest from 2006 to 2019.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4816 
Join Channel 
