https://www.taxtmi.com/caselaws?id=763882 The Tribunal partially allowed the appeal, reducing the penalty from Rs. 10 lakhs to Rs. 5 lakhs for the appellant's failure to report the number of debenture holders, which constituted a violation of SEBI (Debenture Trustees) Regulations, 1993. The Tribunal found this failure warranted a penalty under Section 15HB of the SEBI Act, 1992. However, the charge of suppression of the BENPOS report was dismissed, as the Tribunal determined that the delay in submitting the correct report did not amount to intentional suppression. en-us Tue, 12 Nov 2024 00:00:00 +0530 Tue, 31 Dec 2024 08:43:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=763882 The Tribunal partially allowed the appeal, reducing the penalty from Rs. 10 lakhs to Rs. 5 lakhs for the appellant's failure to report the number of debenture holders, which constituted a violation of SEBI (Debenture Trustees) Regulations, 1993. The Tribunal found this failure warranted a penalty under Section 15HB of the SEBI Act, 1992. However, the charge of suppression of the BENPOS report was dismissed, as the Tribunal determined that the delay in submitting the correct report did not amount to intentional suppression. Case-Laws SEBI Tue, 12 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=763882