https://www.taxtmi.com/caselaws?id=261453 The Tribunal upheld the imposition of a monetary penalty on Octant Industries Ltd. for breaching Takeover Regulations by acquiring shares without a public announcement. Despite a change in management, the Tribunal ruled that the company was liable for past actions and must fulfill its obligations. The appeal challenging the penalty was dismissed, emphasizing the continuity of responsibilities regardless of changes in ownership or name. The Appellant was directed to pay the penalty within two months, highlighting the importance of regulatory compliance and accountability. en-us Wed, 15 Jan 2014 00:00:00 +0530 Mon, 13 Jul 2015 06:27:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261453 The Tribunal upheld the imposition of a monetary penalty on Octant Industries Ltd. for breaching Takeover Regulations by acquiring shares without a public announcement. Despite a change in management, the Tribunal ruled that the company was liable for past actions and must fulfill its obligations. The appeal challenging the penalty was dismissed, emphasizing the continuity of responsibilities regardless of changes in ownership or name. The Appellant was directed to pay the penalty within two months, highlighting the importance of regulatory compliance and accountability. Case-Laws Companies Law Wed, 15 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261453