https://www.taxtmi.com/caselaws?id=371330 The Bombay High Court upheld the SEBI Special Court's decision and dismissed the petition seeking to quash the rejection of the compounding application under Section 24A of the SEBI Act. The Court supported SEBI's discretion in refusing compounding, highlighting the regulator's role in safeguarding investor interests and ensuring regulatory compliance. Emphasizing SEBI's broader public interest mandate, the Court concluded that compelling SEBI to compound the offence would undermine its regulatory authority. The petitioners' history of non-compliance further justified SEBI's decision, leading to the dismissal of the petition for lacking merit. en-us Tue, 30 Oct 2018 00:00:00 +0530 Sat, 03 Aug 2019 11:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371330 The Bombay High Court upheld the SEBI Special Court's decision and dismissed the petition seeking to quash the rejection of the compounding application under Section 24A of the SEBI Act. The Court supported SEBI's discretion in refusing compounding, highlighting the regulator's role in safeguarding investor interests and ensuring regulatory compliance. Emphasizing SEBI's broader public interest mandate, the Court concluded that compelling SEBI to compound the offence would undermine its regulatory authority. The petitioners' history of non-compliance further justified SEBI's decision, leading to the dismissal of the petition for lacking merit. Case-Laws Companies Law Tue, 30 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371330