Independent show-cause notices remain separate proceedings, while customs adjudication challenges should ordinarily follow the statutory appellate rem...
Institutional incapacity in customs settlement proceedings excludes non-functional quorum periods from statutory disposal timelines, preventing automa...
Interactive touchscreen panels with integrated computing functions fall under automatic data-processing machines rather than display monitors for cust...
Ex parte injunction service requirements were substantially met, while civil recovery and SFIO investigation into provident fund defalcation continued...
Enforcement of resolution-plan directions continues without a Supreme Court stay, preventing suspension of redistribution and escrowed-fund distributi...
Third-party ownership claims over attached property require Special Court adjudication where purchasers lack registered sale deeds and bona fides rema...
Pure-agent reimbursements in clearing and forwarding services are excluded from taxable value when qualifying third-party payments are properly record...
Bd. held that the Noticee failed to conduct annual audits for FY 2021-22 and 2022-23 in breach of Reg. 25(3) of the RA Regulations and Clauses 2 and 7 of the Code of Conduct in the Third Schedule to Reg. 24(2); audits for those years were completed only after the regulator's inspection request, whereas the audit for FY 2023-24 was timely. The Bd. found the failures constituted contraventions attracting liability under s.15EB of the SEBI Act and, having considered remedial steps taken, imposed a monetary penalty in exercise of powers under s.15J, concluding the Noticee is liable to pay the prescribed penalty.
Bd. held that the Noticee failed to conduct annual audits for FY 2021-22 and 2022-23 in breach of Reg. 25(3) of the RA Regulations and Clauses 2 and 7 of the Code of Conduct in the Third Schedule to Reg. 24(2); audits for those years were completed only after the regulator's inspection request, whereas the audit for FY 2023-24 was timely. The Bd. found the failures constituted contraventions attracting liability under s.15EB of the SEBI Act and, having considered remedial steps taken, imposed a monetary penalty in exercise of powers under s.15J, concluding the Noticee is liable to pay the prescribed penalty.
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