https://www.taxtmi.com/highlights?id=50674 Default by company to refund the amount collected under the Collective Investment Schemes ("CIS") - officer in default - vicarious liability of a peson who was a director only for 50 days - he was not instrumental in the launching/ sponsoring or carrying on the scheme. - Penalty order quashed. en-us Thu, 12 Dec 2019 12:18:03 +0530 Thu, 12 Dec 2019 12:18:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=50674 Default by company to refund the amount collected under the Collective Investment Schemes ("CIS") - officer in default - vicarious liability of a peson who was a director only for 50 days - he was not instrumental in the launching/ sponsoring or carrying on the scheme. - Penalty order quashed. Highlights SEBI Thu, 12 Dec 2019 12:18:03 +0530 https://www.taxtmi.com/highlights?id=50674