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    <title>Company Secretary Cleared: No Liability Found for Financial Statements Signed Without Direct Evidence of Intentional Misconduct</title>
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    <description>The AT allowed the appeal, setting aside the previous order against the Company Secretary/Compliance Officer. The tribunal found no specific violation by the appellant, emphasizing that a Company Secretary is not obligated to re-audit or verify already certified financial accounts. The decision clarified that mere signature on a public announcement does not automatically constitute misleading investors, particularly when no explicit charge of violation was substantiated. The tribunal concluded that the Adjudicating Officer&#039;s presumption about the appellant&#039;s responsibilities was legally unfounded, thus rendering the original order unsustainable.</description>
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    <pubDate>Mon, 09 Jun 2025 07:29:45 +0530</pubDate>
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      <title>Company Secretary Cleared: No Liability Found for Financial Statements Signed Without Direct Evidence of Intentional Misconduct</title>
      <link>https://www.taxtmi.com/highlights?id=89224</link>
      <description>The AT allowed the appeal, setting aside the previous order against the Company Secretary/Compliance Officer. The tribunal found no specific violation by the appellant, emphasizing that a Company Secretary is not obligated to re-audit or verify already certified financial accounts. The decision clarified that mere signature on a public announcement does not automatically constitute misleading investors, particularly when no explicit charge of violation was substantiated. The tribunal concluded that the Adjudicating Officer&#039;s presumption about the appellant&#039;s responsibilities was legally unfounded, thus rendering the original order unsustainable.</description>
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      <pubDate>Mon, 09 Jun 2025 07:29:45 +0530</pubDate>
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