https://www.taxtmi.com/caselaws?id=197545 An amalgamated successor remained answerable for the transferor's liabilities and pending proceedings where the scheme expressly transferred debts, liabilities and obligations and the successor had undertaken not to raise jurisdictional objections. The Tribunal also treated the trading pattern, timing of cross deals and conduct around a research report as sufficient circumstantial evidence of manipulative dealing in breach of the FUTP Regulations and broker code of conduct. However, although the violation was upheld, a one-month suspension of registration was found disproportionate in light of the long delay in adjudication and incomplete proof on client communication, so the suspension was replaced with a warning. en-us Fri, 07 Sep 2012 00:00:00 +0530 Tue, 09 Jan 2018 17:43:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=197545 An amalgamated successor remained answerable for the transferor's liabilities and pending proceedings where the scheme expressly transferred debts, liabilities and obligations and the successor had undertaken not to raise jurisdictional objections. The Tribunal also treated the trading pattern, timing of cross deals and conduct around a research report as sufficient circumstantial evidence of manipulative dealing in breach of the FUTP Regulations and broker code of conduct. However, although the violation was upheld, a one-month suspension of registration was found disproportionate in light of the long delay in adjudication and incomplete proof on client communication, so the suspension was replaced with a warning. Case-Laws Companies Law Fri, 07 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=197545