https://www.taxtmi.com/caselaws?id=781400 A stock exchange disclosure describing a person as a current director of an expelled trading member had to accurately limit the period of directorship reflected in the annexure. Because the appellant had resigned after the date of default but before expulsion, the entry should not have suggested continuing directorship beyond the actual tenure. The disclosure could be corrected by stating the date till which he remained a director, rather than allowing an indefinite impression of present office. The exchange was directed to amend the annexure accordingly and specify the relevant cut-off date. en-us Wed, 13 Aug 2025 00:00:00 +0530 Sat, 15 Nov 2025 07:56:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781400 A stock exchange disclosure describing a person as a current director of an expelled trading member had to accurately limit the period of directorship reflected in the annexure. Because the appellant had resigned after the date of default but before expulsion, the entry should not have suggested continuing directorship beyond the actual tenure. The disclosure could be corrected by stating the date till which he remained a director, rather than allowing an indefinite impression of present office. The exchange was directed to amend the annexure accordingly and specify the relevant cut-off date. Case-Laws SEBI Wed, 13 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781400