https://www.taxtmi.com/caselaws?id=773560 SEBI found a company and its promoters/directors guilty of financial statement misstatements and accounting irregularities from FY 2014-15 to 2019-20, designed to defraud investors and enable promoter share offloading at inflated prices. The company violated LODR Regulations by failing to properly impair investments per Ind AS 36, incorrectly capitalizing R&D costs, filing false shareholding patterns claiming pledged shares were actually transferred, and making misleading disclosures about internal auditor appointments. SEBI imposed market access restrictions on all parties for specified periods, with promoters receiving stricter penalties, and directed the company to file impact statements and publish subsidiary financial statements. en-us Thu, 06 Feb 2025 00:00:00 +0530 Tue, 24 Jun 2025 10:04:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773560 SEBI found a company and its promoters/directors guilty of financial statement misstatements and accounting irregularities from FY 2014-15 to 2019-20, designed to defraud investors and enable promoter share offloading at inflated prices. The company violated LODR Regulations by failing to properly impair investments per Ind AS 36, incorrectly capitalizing R&D costs, filing false shareholding patterns claiming pledged shares were actually transferred, and making misleading disclosures about internal auditor appointments. SEBI imposed market access restrictions on all parties for specified periods, with promoters receiving stricter penalties, and directed the company to file impact statements and publish subsidiary financial statements. Case-Laws SEBI Thu, 06 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773560