https://www.taxtmi.com/caselaws?id=389597 The Tribunal found that the appellant was not responsible for the Collective Investment Scheme (CIS) or its execution. The penalty imposed was considered excessive and not supported by the SEBI Act. Therefore, the Tribunal quashed the order and allowed the appeal. en-us Wed, 25 Sep 2019 00:00:00 +0530 Thu, 12 Dec 2019 12:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389597 The Tribunal found that the appellant was not responsible for the Collective Investment Scheme (CIS) or its execution. The penalty imposed was considered excessive and not supported by the SEBI Act. Therefore, the Tribunal quashed the order and allowed the appeal. Case-Laws SEBI Wed, 25 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389597