https://www.taxtmi.com/caselaws?id=459164 Delhi HC upheld conviction of company and managing director for operating unregistered collective investment scheme under SEBI Act. Managing director sentenced to one year rigorous imprisonment and Rs. 1 lakh fine, being primarily responsible for business conduct. Three other directors acquitted due to insufficient evidence of their involvement in business operations. Court dismissed managing director's appeal, emphasizing deterrent effect against misleading investors, and ordered immediate surrender to trial court. en-us Mon, 28 Apr 2014 00:00:00 +0530 Tue, 03 Dec 2024 19:05:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459164 Delhi HC upheld conviction of company and managing director for operating unregistered collective investment scheme under SEBI Act. Managing director sentenced to one year rigorous imprisonment and Rs. 1 lakh fine, being primarily responsible for business conduct. Three other directors acquitted due to insufficient evidence of their involvement in business operations. Court dismissed managing director's appeal, emphasizing deterrent effect against misleading investors, and ordered immediate surrender to trial court. Case-Laws SEBI Mon, 28 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459164