https://www.taxtmi.com/caselaws?id=195756 The regulatory fee framework required SEBI registration fee to be computed on actual turnover breakup under clause (bb), and the text states that a circular could not substitute gross-turnover computation merely because breakup data was filed late. It also states that, where revised turnover data was produced within the regularisation period and the initial shortfall arose from the stock exchange's compilation process, rigid refusal to accept corrected data was unreasonable. The described consequence was acceptance of revised data, recomputation of fee liability, revision of fee statements, and credit for payments already made, while future defaults remained subject to the regulations. en-us Thu, 03 Jun 2010 00:00:00 +0530 Thu, 09 Nov 2017 17:56:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195756 The regulatory fee framework required SEBI registration fee to be computed on actual turnover breakup under clause (bb), and the text states that a circular could not substitute gross-turnover computation merely because breakup data was filed late. It also states that, where revised turnover data was produced within the regularisation period and the initial shortfall arose from the stock exchange's compilation process, rigid refusal to accept corrected data was unreasonable. The described consequence was acceptance of revised data, recomputation of fee liability, revision of fee statements, and credit for payments already made, while future defaults remained subject to the regulations. Case-Laws Companies Law Thu, 03 Jun 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195756