https://www.taxtmi.com/caselaws?id=197328 The Securities Appellate Tribunal upheld the adjudicating officer's decision, finding the appellant guilty of violating Regulation 4(2)(b) of FUTP Regulations by engaging in irregular trading activities resulting in price manipulation. The Tribunal reduced the penalty imposed under Section 15HA of SEBI Act from Rs. 18 lacs to Rs. 3 lacs, citing considerations of justice and proportionality. The appellant's appeal challenging the penalty was dismissed, affirming the violation but adjusting the penalty amount. en-us Mon, 03 Dec 2012 00:00:00 +0530 Wed, 03 Jan 2018 15:00:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=197328 The Securities Appellate Tribunal upheld the adjudicating officer's decision, finding the appellant guilty of violating Regulation 4(2)(b) of FUTP Regulations by engaging in irregular trading activities resulting in price manipulation. The Tribunal reduced the penalty imposed under Section 15HA of SEBI Act from Rs. 18 lacs to Rs. 3 lacs, citing considerations of justice and proportionality. The appellant's appeal challenging the penalty was dismissed, affirming the violation but adjusting the penalty amount. Case-Laws Companies Law Mon, 03 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=197328