https://www.taxtmi.com/caselaws?id=464639 AT upheld WTM order finding appellants, acting in concert, violated Regulation 3(1) of the SAST Regulations by acquiring >25% and creating a false impression of capital infusion through intra-company fund transfers. The Tribunal rejected the appellants' plea that the 2018 amendment to Section 15A(b) SEBI Act did not apply, holding the insertion clarificatory and that prior provisions already compelled furnishing truthful information. Penalty of Rs. 25 lakh under Section 15A(b) read with Regulations 29(2) and 29(3) of the SAST Regulations was sustained. en-us Tue, 29 Aug 2023 00:00:00 +0530 Fri, 07 Nov 2025 20:13:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464639 AT upheld WTM order finding appellants, acting in concert, violated Regulation 3(1) of the SAST Regulations by acquiring >25% and creating a false impression of capital infusion through intra-company fund transfers. The Tribunal rejected the appellants' plea that the 2018 amendment to Section 15A(b) SEBI Act did not apply, holding the insertion clarificatory and that prior provisions already compelled furnishing truthful information. Penalty of Rs. 25 lakh under Section 15A(b) read with Regulations 29(2) and 29(3) of the SAST Regulations was sustained. Case-Laws SEBI Tue, 29 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464639