https://www.taxtmi.com/caselaws?id=104174 Mandatory compliance with the bankers to an issue regulations, which have the force of law, can attract penalty; however, where liability turns on issue-specific contractual and regulatory documents, adjudication must examine the actual agreements, correspondence and operative records rather than specimen papers. The authority had not recorded specific findings on whether required particulars were contained in each issue's documents, whether collection centres were duly approved and circulated, or whether the issuer's agent was properly authorised. The penalty order was set aside and the matter remanded for fresh, issue-wise adjudication on the actual documents. en-us Mon, 03 May 1999 00:00:00 +0530 Tue, 28 Feb 2012 11:27:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104174 Mandatory compliance with the bankers to an issue regulations, which have the force of law, can attract penalty; however, where liability turns on issue-specific contractual and regulatory documents, adjudication must examine the actual agreements, correspondence and operative records rather than specimen papers. The authority had not recorded specific findings on whether required particulars were contained in each issue's documents, whether collection centres were duly approved and circulated, or whether the issuer's agent was properly authorised. The penalty order was set aside and the matter remanded for fresh, issue-wise adjudication on the actual documents. Case-Laws Companies Law Mon, 03 May 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104174