https://www.taxtmi.com/caselaws?id=111025 A voluntary SEBI regularisation scheme was treated as a valid concessionary fiscal measure, and the conditions attached to the concession were held inseparable from the benefit itself. Concessional fee treatment under Schedule III was viewed as an exception to the normal fee structure, so the stock-broker had to prove entitlement by producing bifurcated turnover data and the required auditor's certificate. In the absence of such proof, SEBI was entitled to compute registration fees on gross turnover at the normal rate. The cut-off date fixed for furnishing supporting material was also upheld as a reasonable feature of the scheme, given the extensions already granted and the wider compliance record. en-us Tue, 11 Oct 2005 00:00:00 +0530 Thu, 19 Apr 2012 17:44:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111025 A voluntary SEBI regularisation scheme was treated as a valid concessionary fiscal measure, and the conditions attached to the concession were held inseparable from the benefit itself. Concessional fee treatment under Schedule III was viewed as an exception to the normal fee structure, so the stock-broker had to prove entitlement by producing bifurcated turnover data and the required auditor's certificate. In the absence of such proof, SEBI was entitled to compute registration fees on gross turnover at the normal rate. The cut-off date fixed for furnishing supporting material was also upheld as a reasonable feature of the scheme, given the extensions already granted and the wider compliance record. Case-Laws Companies Law Tue, 11 Oct 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111025