https://www.taxtmi.com/caselaws?id=234265 The Tribunal upheld the penalty imposed on the appellants for violating Section 15H(ii) of the SEBI Act and Regulation 10 of the SAST Regulations, 1997. It found that the appellants acted in concert to acquire shares without making the required public announcement. The Tribunal dismissed the appeals, concluding that the penalty was justified, procedural fairness was maintained, and there were no violations of constitutional rights under Articles 14 and 21 of the Constitution of India. en-us Mon, 08 Apr 2013 00:00:00 +0530 Tue, 13 Feb 2018 12:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234265 The Tribunal upheld the penalty imposed on the appellants for violating Section 15H(ii) of the SEBI Act and Regulation 10 of the SAST Regulations, 1997. It found that the appellants acted in concert to acquire shares without making the required public announcement. The Tribunal dismissed the appeals, concluding that the penalty was justified, procedural fairness was maintained, and there were no violations of constitutional rights under Articles 14 and 21 of the Constitution of India. Case-Laws Companies Law Mon, 08 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234265