https://www.taxtmi.com/caselaws?id=296524 The Supreme Court found the appellants in violation of SEBI regulations, imposing a penalty of Rs. 1,50,000. Despite prosecution proceedings initiated for non-payment, the appellants sought compounding, which was initially denied. However, upon depositing Rs. 1,50,000 and agreeing to pay the remaining amount within two weeks, the court allowed compounding upon depositing an additional penalty of Rs. 2,00,000. The court considered the circumstances and directors' age, deciding to compound the offense without addressing broader legal issues, with the condition that the penalty amount be paid within two weeks to SEBI. en-us Tue, 17 Sep 2019 00:00:00 +0530 Mon, 26 Jul 2021 09:13:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296524 The Supreme Court found the appellants in violation of SEBI regulations, imposing a penalty of Rs. 1,50,000. Despite prosecution proceedings initiated for non-payment, the appellants sought compounding, which was initially denied. However, upon depositing Rs. 1,50,000 and agreeing to pay the remaining amount within two weeks, the court allowed compounding upon depositing an additional penalty of Rs. 2,00,000. The court considered the circumstances and directors' age, deciding to compound the offense without addressing broader legal issues, with the condition that the penalty amount be paid within two weeks to SEBI. Case-Laws SEBI Tue, 17 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296524