https://www.taxtmi.com/caselaws?id=171280 The tribunal upheld the penalty imposed on the appellants for violating the SAST Regulations, 1997 under the SEBI Act, 1992. The penalty of Rs. 10 lac on each appellant was deemed reasonable, despite arguments of no disproportionate gain or loss to investors and the shareholding remaining constant. The tribunal emphasized the independent nature of disclosure obligations under the Regulations and dismissed the appeals without costs, affirming the imposition of penalties for technical violations. en-us Fri, 13 Jun 2014 00:00:00 +0530 Mon, 13 Jul 2015 15:44:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=171280 The tribunal upheld the penalty imposed on the appellants for violating the SAST Regulations, 1997 under the SEBI Act, 1992. The penalty of Rs. 10 lac on each appellant was deemed reasonable, despite arguments of no disproportionate gain or loss to investors and the shareholding remaining constant. The tribunal emphasized the independent nature of disclosure obligations under the Regulations and dismissed the appeals without costs, affirming the imposition of penalties for technical violations. Case-Laws Companies Law Fri, 13 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=171280