https://www.taxtmi.com/caselaws?id=287328 The tribunal found the appellants guilty of violating SEBI regulations by acquiring shares without making required public announcements. Penalties were imposed for the violations in 2000-2001, 2005, and 2010. The penalty for the 2000-2001 violation was reduced to Rs. 5 lac due to retrospective penalty application issues. However, penalties of Rs. 15 lac and Rs. 20 lac for the 2005 and 2010 violations were upheld. The tribunal dismissed the argument regarding delay in initiating proceedings, emphasizing SEBI's prompt action upon discovery of violations. en-us Fri, 14 Oct 2016 00:00:00 +0530 Fri, 10 Apr 2020 10:50:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287328 The tribunal found the appellants guilty of violating SEBI regulations by acquiring shares without making required public announcements. Penalties were imposed for the violations in 2000-2001, 2005, and 2010. The penalty for the 2000-2001 violation was reduced to Rs. 5 lac due to retrospective penalty application issues. However, penalties of Rs. 15 lac and Rs. 20 lac for the 2005 and 2010 violations were upheld. The tribunal dismissed the argument regarding delay in initiating proceedings, emphasizing SEBI's prompt action upon discovery of violations. Case-Laws SEBI Fri, 14 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287328