https://www.taxtmi.com/caselaws?id=422501 The Tribunal dismissed all appeals against penalty orders imposed by SEBI for violations of PFUTP Regulations, finding the transactions manipulative and violative of regulations. It noted the overload of penalty proceedings and ineffectiveness of previous settlement schemes, recommending a new scheme under Settlement Regulations, 2018 to address the backlog of cases. Emphasizing the need for a more attractive settlement mechanism, the Tribunal suggested SEBI reconsideration and introduction of a fresh scheme to encourage settlement and reduce penalties for small trades with minimal impact. en-us Fri, 13 May 2022 00:00:00 +0530 Tue, 17 May 2022 08:39:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422501 The Tribunal dismissed all appeals against penalty orders imposed by SEBI for violations of PFUTP Regulations, finding the transactions manipulative and violative of regulations. It noted the overload of penalty proceedings and ineffectiveness of previous settlement schemes, recommending a new scheme under Settlement Regulations, 2018 to address the backlog of cases. Emphasizing the need for a more attractive settlement mechanism, the Tribunal suggested SEBI reconsideration and introduction of a fresh scheme to encourage settlement and reduce penalties for small trades with minimal impact. Case-Laws SEBI Fri, 13 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422501