https://www.taxtmi.com/caselaws?id=308957 The tribunal dismissed the appeal, affirming the applicability of SEBI regulations to the appellants as promoters and acquirers. The appellants' failure to comply with reporting requirements under regulations 3(4) and 3(5) was upheld. Additionally, the tribunal endorsed the interpretation of regulation 11(2) on the consolidation of holdings and upheld the penalty imposed by the Adjudicating Officer. en-us Fri, 17 Aug 2001 00:00:00 +0530 Thu, 03 Aug 2023 11:38:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308957 The tribunal dismissed the appeal, affirming the applicability of SEBI regulations to the appellants as promoters and acquirers. The appellants' failure to comply with reporting requirements under regulations 3(4) and 3(5) was upheld. Additionally, the tribunal endorsed the interpretation of regulation 11(2) on the consolidation of holdings and upheld the penalty imposed by the Adjudicating Officer. Case-Laws SEBI Fri, 17 Aug 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308957