Alternative statutory remedy and unexplained delay barred writ review of customs confiscation adjudication, leaving merits for appellate consideration...
Authorised courier due diligence protects against penalties where declared exports conceal prohibited goods despite proper documentation and customs p...
Customs-controlled container movement now extends to DP World facilities, subject to segregation, inspections, reconciliation, and EXIM cargo priority...
The AT partially upheld penalties against a registered investment advisory firm for multiple regulatory violations under SEBI's IA Regulations. The Tribunal rejected appellant's procedural objections regarding delay in proceedings, double jeopardy claims, and alleged denial of natural justice. Of thirteen alleged violations, the AT affirmed nine, including failures in KYC procedures, risk profiling, suitability assessments, disclosure requirements, fee charging practices, and compliance obligations. The Tribunal found insufficient evidence for four allegations related to execution services, client complaints, solicitation through websites, and qualification requirements. Considering the repeated violations of multiple nature that could have seriously impacted market integrity and investor interests, the AT reduced the penalty from 1 crore to 70 lakhs.
The AT partially upheld penalties against a registered investment advisory firm for multiple regulatory violations under SEBI's IA Regulations. The Tribunal rejected appellant's procedural objections regarding delay in proceedings, double jeopardy claims, and alleged denial of natural justice. Of thirteen alleged violations, the AT affirmed nine, including failures in KYC procedures, risk profiling, suitability assessments, disclosure requirements, fee charging practices, and compliance obligations. The Tribunal found insufficient evidence for four allegations related to execution services, client complaints, solicitation through websites, and qualification requirements. Considering the repeated violations of multiple nature that could have seriously impacted market integrity and investor interests, the AT reduced the penalty from 1 crore to 70 lakhs.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
