https://www.taxtmi.com/caselaws?id=198179 The tribunal dismissed the appeals, upholding penalties imposed on the appellants for executing matched and synchronized trades in violation of Securities and Exchange Board of India regulations. The penalty amount for each appellant was standardized at Rs. 3 lakhs, except for one appellant facing an additional penalty for non-compliance, resulting in a penalty of Rs. 4 lakhs. The tribunal found discrepancies in penalty imposition for similar wrongdoings and adjusted the penalties to ensure uniformity among the appellants. The impugned orders were modified accordingly, with no additional costs imposed. en-us Fri, 05 Aug 2011 00:00:00 +0530 Wed, 24 Jan 2018 17:39:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=198179 The tribunal dismissed the appeals, upholding penalties imposed on the appellants for executing matched and synchronized trades in violation of Securities and Exchange Board of India regulations. The penalty amount for each appellant was standardized at Rs. 3 lakhs, except for one appellant facing an additional penalty for non-compliance, resulting in a penalty of Rs. 4 lakhs. The tribunal found discrepancies in penalty imposition for similar wrongdoings and adjusted the penalties to ensure uniformity among the appellants. The impugned orders were modified accordingly, with no additional costs imposed. Case-Laws Companies Law Fri, 05 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=198179