https://www.taxtmi.com/caselaws?id=302689 The Supreme Court upheld SEBI's decision to restrain a former whole-time Director from securities market activities for facilitating fraudulent transactions. The Court reinstated SEBI's order, emphasizing directors' duty to act diligently and rejecting the Tribunal's narrow interpretation of the resolution. Acknowledging the respondent's served prohibition period, the Court considered it as compliance and permitted raising issues in pending proceedings. The appeal was disposed of without costs. en-us Tue, 21 Sep 2021 00:00:00 +0530 Sat, 11 Jun 2022 08:57:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=302689 The Supreme Court upheld SEBI's decision to restrain a former whole-time Director from securities market activities for facilitating fraudulent transactions. The Court reinstated SEBI's order, emphasizing directors' duty to act diligently and rejecting the Tribunal's narrow interpretation of the resolution. Acknowledging the respondent's served prohibition period, the Court considered it as compliance and permitted raising issues in pending proceedings. The appeal was disposed of without costs. Case-Laws SEBI Tue, 21 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302689