https://www.taxtmi.com/caselaws?id=214173 The court dismissed the petitions filed by a company and its directors for alleged violations of SEBI regulations regarding Collective Investment Schemes. The directors' resignation claims were not substantiated, leading to trial for determining their liability. The court emphasized the continuing nature of the offence, holding the directors vicariously liable under section 27 of the SEBI Act. Compliance with SEBI regulations and the refunding of investments to investors were underscored as crucial, resulting in the dismissal of the petitions. en-us Fri, 16 Sep 2011 00:00:00 +0530 Fri, 08 Feb 2013 17:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214173 The court dismissed the petitions filed by a company and its directors for alleged violations of SEBI regulations regarding Collective Investment Schemes. The directors' resignation claims were not substantiated, leading to trial for determining their liability. The court emphasized the continuing nature of the offence, holding the directors vicariously liable under section 27 of the SEBI Act. Compliance with SEBI regulations and the refunding of investments to investors were underscored as crucial, resulting in the dismissal of the petitions. Case-Laws Companies Law Fri, 16 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214173