https://www.taxtmi.com/caselaws?id=239856 The Tribunal ruled in favor of the appellant in a case challenging a penalty under the SEBI Act, 1992 for non-compliance with Regulation 7 of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 1997. The key issue was the applicability of unamended versus amended provisions of Regulation 7, with the Tribunal holding that the unamended provisions applied at the time of the acquisition. Emphasizing the importance of disclosure requirements for share acquisitions and criticizing the respondent's reliance on post-violation regulations, the Tribunal allowed the appeal, stressing the significance of timely and accurate disclosures and regulatory diligence in monitoring share acquisitions. en-us Tue, 27 Aug 2013 00:00:00 +0530 Sat, 23 Nov 2013 13:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239856 The Tribunal ruled in favor of the appellant in a case challenging a penalty under the SEBI Act, 1992 for non-compliance with Regulation 7 of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 1997. The key issue was the applicability of unamended versus amended provisions of Regulation 7, with the Tribunal holding that the unamended provisions applied at the time of the acquisition. Emphasizing the importance of disclosure requirements for share acquisitions and criticizing the respondent's reliance on post-violation regulations, the Tribunal allowed the appeal, stressing the significance of timely and accurate disclosures and regulatory diligence in monitoring share acquisitions. Case-Laws Companies Law Tue, 27 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239856