https://www.taxtmi.com/caselaws?id=260866 The Tribunal dismissed the appeal challenging a penalty imposed by SEBI on the appellant for failing to make yearly disclosures under regulation 8(3) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeover) Regulations, 1997. The Tribunal held that the penalty of Rs. 10 lac was not unreasonable or excessive, considering the mandatory nature of the disclosure obligation and the prescribed penalty under the SEBI Act, 1992. The appellant's arguments regarding the suspension of trading and lack of investor complaints were not accepted, leading to the dismissal of the appeal without costs awarded to either party. en-us Wed, 25 Jun 2014 00:00:00 +0530 Thu, 25 Jun 2015 18:37:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260866 The Tribunal dismissed the appeal challenging a penalty imposed by SEBI on the appellant for failing to make yearly disclosures under regulation 8(3) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeover) Regulations, 1997. The Tribunal held that the penalty of Rs. 10 lac was not unreasonable or excessive, considering the mandatory nature of the disclosure obligation and the prescribed penalty under the SEBI Act, 1992. The appellant's arguments regarding the suspension of trading and lack of investor complaints were not accepted, leading to the dismissal of the appeal without costs awarded to either party. Case-Laws Companies Law Wed, 25 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260866