https://www.taxtmi.com/caselaws?id=287335 The Tribunal partly allowed the appeal in a case involving violations of takeover regulations. Penalties for breaches of Regulation 7(1) and 7(2) were quashed due to unreasonable delay and reliance on legal precedents. However, penalties for breaches of Regulation 3(3) and 3(4) regarding inter-se transfers and Regulation 8(3) for delayed disclosure of promoter holdings were upheld. The appellants were directed to pay affirmed penalties within six weeks, with each party bearing its own costs. en-us Mon, 27 May 2019 00:00:00 +0530 Fri, 10 Apr 2020 10:50:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287335 The Tribunal partly allowed the appeal in a case involving violations of takeover regulations. Penalties for breaches of Regulation 7(1) and 7(2) were quashed due to unreasonable delay and reliance on legal precedents. However, penalties for breaches of Regulation 3(3) and 3(4) regarding inter-se transfers and Regulation 8(3) for delayed disclosure of promoter holdings were upheld. The appellants were directed to pay affirmed penalties within six weeks, with each party bearing its own costs. Case-Laws SEBI Mon, 27 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287335