https://www.taxtmi.com/caselaws?id=389309 Compounding of offences under the Companies Act, 1956 was held to operate only within that Act and not to bar independent action under the SEBI Act, 1992 or the SEBI Regulations. The court noted that Section 621-A permits compounding only of Companies Act offences, so settlement before the Company Law Board did not extinguish the appellant's power to proceed for alleged SEBI violations or prevent appropriate proceedings in accordance with law. On that basis, the challenge to the compounding order was found meritless, and the order was upheld. en-us Fri, 15 Nov 2019 00:00:00 +0530 Thu, 05 Dec 2019 11:37:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389309 Compounding of offences under the Companies Act, 1956 was held to operate only within that Act and not to bar independent action under the SEBI Act, 1992 or the SEBI Regulations. The court noted that Section 621-A permits compounding only of Companies Act offences, so settlement before the Company Law Board did not extinguish the appellant's power to proceed for alleged SEBI violations or prevent appropriate proceedings in accordance with law. On that basis, the challenge to the compounding order was found meritless, and the order was upheld. Case-Laws Companies Law Fri, 15 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389309