https://www.taxtmi.com/caselaws?id=301209 The appellants, consisting of various entities and individuals associated with Bank of Rajasthan, were penalized under the SEBI Act for violations including incorrect disclosures of shareholding and surrogate share acquisitions. SEBI found that the promoter group deceptively increased their stake in the bank while claiming a reduction, violating SEBI regulations. Penalties were imposed under different sections of the SEBI Act, with fines upheld for some entities and set aside for others based on the severity of their involvement. Overall, penalties were imposed for fraudulent and unfair trade practices, non-compliance with summons, and other violations. en-us Tue, 11 Feb 2014 00:00:00 +0530 Mon, 21 Mar 2022 08:12:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301209 The appellants, consisting of various entities and individuals associated with Bank of Rajasthan, were penalized under the SEBI Act for violations including incorrect disclosures of shareholding and surrogate share acquisitions. SEBI found that the promoter group deceptively increased their stake in the bank while claiming a reduction, violating SEBI regulations. Penalties were imposed under different sections of the SEBI Act, with fines upheld for some entities and set aside for others based on the severity of their involvement. Overall, penalties were imposed for fraudulent and unfair trade practices, non-compliance with summons, and other violations. Case-Laws SEBI Tue, 11 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301209