https://www.taxtmi.com/caselaws?id=468575 A company that remained listed, despite having applied for delisting, was required to comply with the SEBI circular mandating SCORES authentication for listed entities. The record showed that no further delisting steps had been completed, so the circular applied and non-compliance attracted liability under Section 15HB of the SEBI Act. The penalty was upheld because it was well below the statutory maximum and was not shown to be arbitrary, excessive, or unreasonable. en-us Mon, 01 Dec 2014 00:00:00 +0530 Wed, 13 May 2026 20:58:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468575 A company that remained listed, despite having applied for delisting, was required to comply with the SEBI circular mandating SCORES authentication for listed entities. The record showed that no further delisting steps had been completed, so the circular applied and non-compliance attracted liability under Section 15HB of the SEBI Act. The penalty was upheld because it was well below the statutory maximum and was not shown to be arbitrary, excessive, or unreasonable. Case-Laws SEBI Mon, 01 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468575