https://www.taxtmi.com/caselaws?id=772986 Vicarious liability under Section 27 of the SEBI Act, 1992 requires proof that the accused were in charge of and responsible for the company's business at the relevant time, or otherwise attracted the statutory deeming provision through neglect; absent evidence of any substantive role or supporting material showing responsibility for the company's affairs, liability cannot be fastened. Proper examination under Section 313 of the CrPC also requires that all material incriminating circumstances be fairly put to the accused so they can explain them; a mechanical or incomplete questioning process that leaves prejudicial evidence unaddressed can amount to serious procedural unfairness and vitiate the conviction. en-us Mon, 10 Mar 2025 00:00:00 +0530 Tue, 17 Jun 2025 07:57:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772986 Vicarious liability under Section 27 of the SEBI Act, 1992 requires proof that the accused were in charge of and responsible for the company's business at the relevant time, or otherwise attracted the statutory deeming provision through neglect; absent evidence of any substantive role or supporting material showing responsibility for the company's affairs, liability cannot be fastened. Proper examination under Section 313 of the CrPC also requires that all material incriminating circumstances be fairly put to the accused so they can explain them; a mechanical or incomplete questioning process that leaves prejudicial evidence unaddressed can amount to serious procedural unfairness and vitiate the conviction. Case-Laws SEBI Mon, 10 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772986