https://www.taxtmi.com/caselaws?id=194894 The company was found to have made misleading announcements leading to inflated profits, resulting in manipulation of the stock price. Promoters off-loaded shares during this period, enriching themselves unduly. Penalties totaling Rs. 40 lacs were imposed on seven members for their involvement in the misleading announcements and share manipulation. Penalties for non-compliance with summons were set aside for two individuals who had substantially complied. The tribunal highlighted concerns regarding the inclusion of non-accounting, price-sensitive information in financial results notes, suggesting SEBI review such practices. The penalties for misleading announcements and manipulation were upheld, while penalties for non-compliance with summons were overturned. en-us Thu, 06 May 2010 00:00:00 +0530 Mon, 12 Feb 2018 18:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194894 The company was found to have made misleading announcements leading to inflated profits, resulting in manipulation of the stock price. Promoters off-loaded shares during this period, enriching themselves unduly. Penalties totaling Rs. 40 lacs were imposed on seven members for their involvement in the misleading announcements and share manipulation. Penalties for non-compliance with summons were set aside for two individuals who had substantially complied. The tribunal highlighted concerns regarding the inclusion of non-accounting, price-sensitive information in financial results notes, suggesting SEBI review such practices. The penalties for misleading announcements and manipulation were upheld, while penalties for non-compliance with summons were overturned. Case-Laws Companies Law Thu, 06 May 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194894