The AT allowed the appeal, setting aside the previous order...

The AT allowed the appeal, setting aside the previous order against the Company Secretary/Compliance Officer. The tribunal found no specific violation by the appellant, emphasizing that a Company Secretary is not obligated to re-audit or verify already certified financial accounts. The decision clarified that mere signature on a public announcement does not automatically constitute misleading investors, particularly when no explicit charge of violation was substantiated. The tribunal concluded that the Adjudicating Officer's presumption about the appellant's responsibilities was legally unfounded, thus rendering the original order unsustainable.