https://www.taxtmi.com/caselaws?id=391103 The appellant was penalized for violating SEBI circulars related to client fund segregation and unauthorized fund transfers between securities and commodities accounts. The penalties imposed were reduced in all three appeals by the Tribunal, citing reasons such as client consent for fund transfers and lack of complaints from clients regarding unauthorized payments. The penalties were reduced from a total of Rs. 24 lacs to Rs. 12 lacs across the appeals. en-us Wed, 06 Nov 2019 00:00:00 +0530 Mon, 20 Jan 2020 08:41:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391103 The appellant was penalized for violating SEBI circulars related to client fund segregation and unauthorized fund transfers between securities and commodities accounts. The penalties imposed were reduced in all three appeals by the Tribunal, citing reasons such as client consent for fund transfers and lack of complaints from clients regarding unauthorized payments. The penalties were reduced from a total of Rs. 24 lacs to Rs. 12 lacs across the appeals. Case-Laws SEBI Wed, 06 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391103