https://www.taxtmi.com/caselaws?id=234124 Mandatory insider trading controls and prompt disclosure of board decisions to the stock exchange were treated as enforceable compliance obligations, and the Tribunal upheld the findings of violation after finding no infirmity in the adjudication process and no denial of reasonable hearing. The substantive breach was sustained because timely communication of sensitive board decisions was essential to prevent misuse of unpublished information. On quantum, the Tribunal accepted mitigating circumstances and took a lenient view, reducing the penalties under all three orders while otherwise maintaining the impugned findings and dismissing the appeals. en-us Wed, 20 Mar 2013 00:00:00 +0530 Mon, 27 May 2013 17:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234124 Mandatory insider trading controls and prompt disclosure of board decisions to the stock exchange were treated as enforceable compliance obligations, and the Tribunal upheld the findings of violation after finding no infirmity in the adjudication process and no denial of reasonable hearing. The substantive breach was sustained because timely communication of sensitive board decisions was essential to prevent misuse of unpublished information. On quantum, the Tribunal accepted mitigating circumstances and took a lenient view, reducing the penalties under all three orders while otherwise maintaining the impugned findings and dismissing the appeals. Case-Laws Companies Law Wed, 20 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234124