https://www.taxtmi.com/caselaws?id=262464 The majority view upheld SEBI's decision that the appellant was not a fit and proper person to hold shares in certain stock exchanges based on the FMC order, emphasizing the interconnected nature of financial markets. The Tribunal dismissed the appeal, while the minority view favored allowing it due to procedural lapses and insufficient demonstration of the FMC order's impact on the securities market. The Tribunal granted the appellant an extension of four weeks to disinvest their shares. en-us Wed, 09 Jul 2014 00:00:00 +0530 Tue, 11 Aug 2015 07:42:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262464 The majority view upheld SEBI's decision that the appellant was not a fit and proper person to hold shares in certain stock exchanges based on the FMC order, emphasizing the interconnected nature of financial markets. The Tribunal dismissed the appeal, while the minority view favored allowing it due to procedural lapses and insufficient demonstration of the FMC order's impact on the securities market. The Tribunal granted the appellant an extension of four weeks to disinvest their shares. Case-Laws Companies Law Wed, 09 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262464