https://www.taxtmi.com/caselaws?id=464555 AT held that proceedings initiated after the death of the noticee were void and could not continue against the deceased or their legal representatives under the SEBI Act; the proviso imposes liability on legal representatives only where penalty was imposed before death and Section 28B (effective 8 Mar 2019) did not apply to the impugned 31 Oct 2018 order. The WTM's continuation of proceedings and restraints on the heirs were unlawful and quashed. The appeal was allowed and the regulator was directed to pay costs of Rs.5,00,000 to the appellants within four weeks. en-us Fri, 04 Aug 2023 00:00:00 +0530 Tue, 04 Nov 2025 20:06:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464555 AT held that proceedings initiated after the death of the noticee were void and could not continue against the deceased or their legal representatives under the SEBI Act; the proviso imposes liability on legal representatives only where penalty was imposed before death and Section 28B (effective 8 Mar 2019) did not apply to the impugned 31 Oct 2018 order. The WTM's continuation of proceedings and restraints on the heirs were unlawful and quashed. The appeal was allowed and the regulator was directed to pay costs of Rs.5,00,000 to the appellants within four weeks. Case-Laws SEBI Fri, 04 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464555