https://www.taxtmi.com/caselaws?id=308489 The appeals by Farmax India Ltd., Mr. M. Srinivasa Reddy, Sanjay Aggarwal, Prospect Capital Ltd., John Behar, and EURAM Bank were dismissed, affirming SEBI's findings and penalties, except for the reduction in the penalty imposed on Farmax. The appeal by Nithish Bangera was allowed, setting aside the order against him. SEBI's jurisdiction over foreign entities was upheld, establishing its authority to proceed against the appellants involved in the fraudulent scheme related to the issuance and conversion of Global Depository Receipts (GDRs). en-us Mon, 21 Mar 2022 00:00:00 +0530 Thu, 29 Jun 2023 20:58:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308489 The appeals by Farmax India Ltd., Mr. M. Srinivasa Reddy, Sanjay Aggarwal, Prospect Capital Ltd., John Behar, and EURAM Bank were dismissed, affirming SEBI's findings and penalties, except for the reduction in the penalty imposed on Farmax. The appeal by Nithish Bangera was allowed, setting aside the order against him. SEBI's jurisdiction over foreign entities was upheld, establishing its authority to proceed against the appellants involved in the fraudulent scheme related to the issuance and conversion of Global Depository Receipts (GDRs). Case-Laws SEBI Mon, 21 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308489