https://www.taxtmi.com/caselaws?id=261533 The Tribunal upheld the penalties imposed by the Adjudicating Officer (AO) of Securities and Exchange Board of India (SEBI) on the appellant for various violations of SEBI regulations, including substantial delays in making required disclosures. Despite the potential for higher penalties, the AO exercised discretion and imposed fines of Rs. 3 lacs, Rs. 13 lacs, and Rs. 1 lac for different violations. The Tribunal deemed these penalties reasonable and dismissed the appeal without costs, emphasizing the significance of timely compliance with SEBI regulations and the discretionary power of authorities in penalty imposition. en-us Mon, 09 Jun 2014 00:00:00 +0530 Tue, 14 Jul 2015 12:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261533 The Tribunal upheld the penalties imposed by the Adjudicating Officer (AO) of Securities and Exchange Board of India (SEBI) on the appellant for various violations of SEBI regulations, including substantial delays in making required disclosures. Despite the potential for higher penalties, the AO exercised discretion and imposed fines of Rs. 3 lacs, Rs. 13 lacs, and Rs. 1 lac for different violations. The Tribunal deemed these penalties reasonable and dismissed the appeal without costs, emphasizing the significance of timely compliance with SEBI regulations and the discretionary power of authorities in penalty imposition. Case-Laws Companies Law Mon, 09 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261533