https://www.taxtmi.com/caselaws?id=262859 The tribunal upheld the penalty imposed on five appellants for violating SEBI Regulations by failing to make mandatory disclosures within the required timeframe. Despite arguments of technical irregularities and absence of share trading during the relevant period, the tribunal emphasized the mandatory nature of disclosure requirements, the lack of a valid explanation for the delay, and the principle of proportionality in penalty determination. The decision stressed the significance of timely and accurate disclosures in the securities market to maintain transparency and safeguard investor interests. en-us Wed, 13 Aug 2014 00:00:00 +0530 Tue, 04 Aug 2015 17:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262859 The tribunal upheld the penalty imposed on five appellants for violating SEBI Regulations by failing to make mandatory disclosures within the required timeframe. Despite arguments of technical irregularities and absence of share trading during the relevant period, the tribunal emphasized the mandatory nature of disclosure requirements, the lack of a valid explanation for the delay, and the principle of proportionality in penalty determination. The decision stressed the significance of timely and accurate disclosures in the securities market to maintain transparency and safeguard investor interests. Case-Laws Companies Law Wed, 13 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262859