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    <title>2015 (10) TMI 267 - SECURITIES APPELLATE TRIBUNAL MUMBAI</title>
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    <description>The appeal was dismissed, and no costs were awarded. The tribunal upheld the penalties imposed under section 15A(b) and section 15HB of the SEBI Act for the appellant&#039;s violations of Regulations 13(4) and 13(4A) of the PIT Regulations and clause 4.2 of the Model Code of Conduct. The penalties were considered reasonable and necessary to maintain the integrity of the securities market through accurate and timely disclosures.</description>
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      <description>The appeal was dismissed, and no costs were awarded. The tribunal upheld the penalties imposed under section 15A(b) and section 15HB of the SEBI Act for the appellant&#039;s violations of Regulations 13(4) and 13(4A) of the PIT Regulations and clause 4.2 of the Model Code of Conduct. The penalties were considered reasonable and necessary to maintain the integrity of the securities market through accurate and timely disclosures.</description>
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