https://www.taxtmi.com/caselaws?id=261259 The Tribunal upheld SEBI's imposition of a penalty of 1 lac on the appellant for non-compliance with SEBI directives regarding the SCORES system. Despite arguments of excessive penalty due to lack of investor loss and non-repetitive violation, the Tribunal deemed the penalty reasonable. Emphasizing the importance of regulatory compliance, the Tribunal dismissed the appeal, highlighting SEBI's authority to penalize violations of the SEBI Act regardless of financial impact or repetition of breaches. en-us Tue, 09 Jun 2015 00:00:00 +0530 Thu, 25 Jun 2015 18:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261259 The Tribunal upheld SEBI's imposition of a penalty of 1 lac on the appellant for non-compliance with SEBI directives regarding the SCORES system. Despite arguments of excessive penalty due to lack of investor loss and non-repetitive violation, the Tribunal deemed the penalty reasonable. Emphasizing the importance of regulatory compliance, the Tribunal dismissed the appeal, highlighting SEBI's authority to penalize violations of the SEBI Act regardless of financial impact or repetition of breaches. Case-Laws Companies Law Tue, 09 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261259