https://www.taxtmi.com/caselaws?id=268684 The Tribunal held that the obligation to make yearly disclosures under the SEBI Takeover Regulations falls on the promoter group as a whole, not on individual promoters within the group. Penalties for non-disclosure should be imposed on the promoter group and recovered jointly from promoters holding shares or voting rights. The Tribunal criticized SEBI for inconsistent implementation of regulations and remanded the appeals for fresh consideration, emphasizing the importance of SEBI ensuring consistency in its regulatory approach. en-us Fri, 20 Nov 2015 00:00:00 +0530 Mon, 30 Nov 2015 23:24:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=268684 The Tribunal held that the obligation to make yearly disclosures under the SEBI Takeover Regulations falls on the promoter group as a whole, not on individual promoters within the group. Penalties for non-disclosure should be imposed on the promoter group and recovered jointly from promoters holding shares or voting rights. The Tribunal criticized SEBI for inconsistent implementation of regulations and remanded the appeals for fresh consideration, emphasizing the importance of SEBI ensuring consistency in its regulatory approach. Case-Laws Companies Law Fri, 20 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=268684