https://www.taxtmi.com/caselaws?id=782816 SC upheld the Tribunal's rejection of appellants' applications under Regulation 43B of the SEBI (FPI) Regulations, 2019 concerning investments through convertible warrants. The appellants had failed to comply with the timelines and disclosure requirements under the August 2023 SEBI Circular, divested their investments during the extended period, and paid the prescribed 5% financial disincentive. The Tribunal found no cause beyond their control preventing payment of the remaining 75% and held that the warrant subscription violated the Circular with full knowledge. SC reiterated that appellate interference lies only where the impugned order is clearly wrong, which was not demonstrated, and dismissed the appeals. en-us Mon, 01 Dec 2025 00:00:00 +0530 Thu, 04 Dec 2025 10:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782816 SC upheld the Tribunal's rejection of appellants' applications under Regulation 43B of the SEBI (FPI) Regulations, 2019 concerning investments through convertible warrants. The appellants had failed to comply with the timelines and disclosure requirements under the August 2023 SEBI Circular, divested their investments during the extended period, and paid the prescribed 5% financial disincentive. The Tribunal found no cause beyond their control preventing payment of the remaining 75% and held that the warrant subscription violated the Circular with full knowledge. SC reiterated that appellate interference lies only where the impugned order is clearly wrong, which was not demonstrated, and dismissed the appeals. Case-Laws SEBI Mon, 01 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782816