https://www.taxtmi.com/caselaws?id=282536 The Tribunal held that the appellant met the criteria to be considered a "Fit and Proper Person" under SEBI regulations, emphasizing the discretionary nature of the criteria and the lack of fraud in alleged infractions. The Tribunal found the restraint orders and penalties imposed by SEBI excessive and disproportionate, quashing them. Additionally, the rejection of the appellant's renewal application as a Merchant Banker was set aside, highlighting the need for proportionality and consistency in SEBI's enforcement actions. en-us Fri, 13 May 2016 00:00:00 +0530 Tue, 13 Aug 2019 11:05:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282536 The Tribunal held that the appellant met the criteria to be considered a "Fit and Proper Person" under SEBI regulations, emphasizing the discretionary nature of the criteria and the lack of fraud in alleged infractions. The Tribunal found the restraint orders and penalties imposed by SEBI excessive and disproportionate, quashing them. Additionally, the rejection of the appellant's renewal application as a Merchant Banker was set aside, highlighting the need for proportionality and consistency in SEBI's enforcement actions. Case-Laws SEBI Fri, 13 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282536