https://www.taxtmi.com/caselaws?id=283436 Penalty on a company for failing to close the trading window before Board meetings was set aside because the alleged default was attributed to the Compliance Officer. The tribunal found that the order rested on the premise that the Compliance Officer was responsible for implementing the code of conduct for prevention of insider trading, but the violation against that officer was not established on the recorded facts. In those circumstances, fastening the same liability on the company for the omission was unsustainable, and the penalty order was quashed. en-us Tue, 11 Mar 2014 00:00:00 +0530 Mon, 23 Sep 2019 16:30:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283436 Penalty on a company for failing to close the trading window before Board meetings was set aside because the alleged default was attributed to the Compliance Officer. The tribunal found that the order rested on the premise that the Compliance Officer was responsible for implementing the code of conduct for prevention of insider trading, but the violation against that officer was not established on the recorded facts. In those circumstances, fastening the same liability on the company for the omission was unsustainable, and the penalty order was quashed. Case-Laws SEBI Tue, 11 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283436