https://www.taxtmi.com/caselaws?id=196552 Disclosure obligations under takeover and insider trading regulations required the acquirer, independently of the company, to report changes in aggregate shareholding or voting rights at every stage. Company disclosures to stock exchanges and market-wide dissemination did not eliminate that separate obligation. Failure to make the acquirer-level disclosures constituted a technical, inadvertent infraction. Penalty must remain proportionate to the gravity of the deviation; because the information had otherwise been widely disclosed and the lapse was minor, the penalty was reduced. en-us Wed, 15 Jan 2014 00:00:00 +0530 Wed, 06 Dec 2017 22:06:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196552 Disclosure obligations under takeover and insider trading regulations required the acquirer, independently of the company, to report changes in aggregate shareholding or voting rights at every stage. Company disclosures to stock exchanges and market-wide dissemination did not eliminate that separate obligation. Failure to make the acquirer-level disclosures constituted a technical, inadvertent infraction. Penalty must remain proportionate to the gravity of the deviation; because the information had otherwise been widely disclosed and the lapse was minor, the penalty was reduced. Case-Laws Companies Law Wed, 15 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196552