https://www.taxtmi.com/caselaws?id=390764 The Tribunal upheld the penalty imposed by Bombay Stock Exchange Ltd. on a public listed company for violations of Securities and Exchange Board of India regulations. The appellant's appeal seeking waiver or reduction of penalties for non-compliance with Listing Regulations was rejected due to lack of valid reasons or exceptional circumstances justifying the violations. The Tribunal found the appellant failed to provide sufficient justification for the non-appointments of a Company Secretary and independent directors, leading to the dismissal of the appeal and affirmation of the penalty. en-us Tue, 24 Dec 2019 00:00:00 +0530 Sat, 11 Jan 2020 06:51:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390764 The Tribunal upheld the penalty imposed by Bombay Stock Exchange Ltd. on a public listed company for violations of Securities and Exchange Board of India regulations. The appellant's appeal seeking waiver or reduction of penalties for non-compliance with Listing Regulations was rejected due to lack of valid reasons or exceptional circumstances justifying the violations. The Tribunal found the appellant failed to provide sufficient justification for the non-appointments of a Company Secretary and independent directors, leading to the dismissal of the appeal and affirmation of the penalty. Case-Laws SEBI Tue, 24 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390764