https://www.taxtmi.com/caselaws?id=780791 Failure by a registered research analyst to complete the mandatory annual audit on time was treated as a breach of the Research Analysts Regulations and the Code of Conduct. Delayed audit reports for two financial years, generated only after SEBI sought information, were not justified by personal circumstances, while one year was accepted as timely on the available record. The established non-compliance was held to attract monetary penalty under the SEBI Act. In quantifying the penalty, the absence of disproportionate gain, investor loss, and repetition, together with subsequent remedial filing of the audits, were taken into account. en-us Tue, 11 Feb 2025 00:00:00 +0530 Thu, 06 Nov 2025 08:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780791 Failure by a registered research analyst to complete the mandatory annual audit on time was treated as a breach of the Research Analysts Regulations and the Code of Conduct. Delayed audit reports for two financial years, generated only after SEBI sought information, were not justified by personal circumstances, while one year was accepted as timely on the available record. The established non-compliance was held to attract monetary penalty under the SEBI Act. In quantifying the penalty, the absence of disproportionate gain, investor loss, and repetition, together with subsequent remedial filing of the audits, were taken into account. Case-Laws SEBI Tue, 11 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780791