https://www.taxtmi.com/caselaws?id=781317 The SC upheld the SAT's finding that the Company Secretary, who joined after the original order, could not be held liable for the company's acts and omissions or for non-compliance with the regulator's order because the role was ministerial/secretarial. The court declined to interfere with the impugned penalty under Section 15D to the extent framed by the SAT, but it set aside the separate order imposing costs of Rs.5 lakh and removed that cost liability. en-us Fri, 07 Nov 2025 00:00:00 +0530 Fri, 14 Nov 2025 09:42:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781317 The SC upheld the SAT's finding that the Company Secretary, who joined after the original order, could not be held liable for the company's acts and omissions or for non-compliance with the regulator's order because the role was ministerial/secretarial. The court declined to interfere with the impugned penalty under Section 15D to the extent framed by the SAT, but it set aside the separate order imposing costs of Rs.5 lakh and removed that cost liability. Case-Laws SEBI Fri, 07 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781317