https://www.taxtmi.com/caselaws?id=293763 The Tribunal quashed the penalties imposed on the listed company and its Compliance Officer, allowing their appeals. It ruled that the penalties were unjustified due to SEBI's inordinate delay in initiating proceedings, emphasizing that regulatory actions must occur within a reasonable timeframe. The Compliance Officer received only a warning for a technical violation, as no actual trading occurred. The Tribunal underscored the necessity of timely regulatory actions and adherence to the code of conduct, taking into account the specific circumstances of each case. en-us Wed, 04 Sep 2019 00:00:00 +0530 Wed, 13 Nov 2024 11:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293763 The Tribunal quashed the penalties imposed on the listed company and its Compliance Officer, allowing their appeals. It ruled that the penalties were unjustified due to SEBI's inordinate delay in initiating proceedings, emphasizing that regulatory actions must occur within a reasonable timeframe. The Compliance Officer received only a warning for a technical violation, as no actual trading occurred. The Tribunal underscored the necessity of timely regulatory actions and adherence to the code of conduct, taking into account the specific circumstances of each case. Case-Laws SEBI Wed, 04 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293763