https://www.taxtmi.com/caselaws?id=238395 The court upheld SEBI's imposition of a monetary penalty of Rs. 2,00,000 on a public limited company for delays in redressing investor grievances, despite acknowledging the company's challenges. The penalty was reduced from the initial Rs. 5,00,000 due to the company's financial constraints and operational difficulties. The court emphasized the importance of compliance with SEBI regulations and timely grievance resolution, underscoring the need to hold violators accountable while considering the practical challenges faced by companies. The appeal was dismissed, with the company directed to pay the modified penalty within two months. en-us Fri, 10 May 2013 00:00:00 +0530 Tue, 13 Feb 2018 12:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=238395 The court upheld SEBI's imposition of a monetary penalty of Rs. 2,00,000 on a public limited company for delays in redressing investor grievances, despite acknowledging the company's challenges. The penalty was reduced from the initial Rs. 5,00,000 due to the company's financial constraints and operational difficulties. The court emphasized the importance of compliance with SEBI regulations and timely grievance resolution, underscoring the need to hold violators accountable while considering the practical challenges faced by companies. The appeal was dismissed, with the company directed to pay the modified penalty within two months. Case-Laws Companies Law Fri, 10 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=238395