https://www.taxtmi.com/caselaws?id=300039 The Tribunal partially allowed the appeals in a case concerning a violation of SEBI (SAST) Regulation, 1997 regarding disclosure of shareholding exceeding 5% to the target company. The penalty imposed under the unamended Section 15A of the SEBI Act, 1992 was found to be incorrectly calculated based on the amended section. The penalty was reduced to Rs. 15,000 for each appellant, emphasizing the necessity of adherence to disclosure regulations and accurate application of penalty provisions in securities law violations. en-us Tue, 24 Aug 2004 00:00:00 +0530 Mon, 10 Jan 2022 10:55:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300039 The Tribunal partially allowed the appeals in a case concerning a violation of SEBI (SAST) Regulation, 1997 regarding disclosure of shareholding exceeding 5% to the target company. The penalty imposed under the unamended Section 15A of the SEBI Act, 1992 was found to be incorrectly calculated based on the amended section. The penalty was reduced to Rs. 15,000 for each appellant, emphasizing the necessity of adherence to disclosure regulations and accurate application of penalty provisions in securities law violations. Case-Laws SEBI Tue, 24 Aug 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300039