https://www.taxtmi.com/caselaws?id=335610 The Court reinstated the Adjudicating Officer's order, finding the Securities Appellate Tribunal erred in reversing guilt for violating Regulation 22(7) of SEBI Regulations. The appeal by SEBI was allowed, upholding the violation and penalty of Rs. 25 lakhs on each respondent for contravening the Regulations related to share acquisition and board appointments during the offer period. en-us Fri, 02 Dec 2016 00:00:00 +0530 Tue, 06 Dec 2016 09:57:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335610 The Court reinstated the Adjudicating Officer's order, finding the Securities Appellate Tribunal erred in reversing guilt for violating Regulation 22(7) of SEBI Regulations. The appeal by SEBI was allowed, upholding the violation and penalty of Rs. 25 lakhs on each respondent for contravening the Regulations related to share acquisition and board appointments during the offer period. Case-Laws Companies Law Fri, 02 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335610