TaxTMI 
TaxTMI 
Appellate Tribunal Confirms Penalty for Withholding Information, Hindering SEBI's CIS Investigation, Impacting Investors' Interests.
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....Noncompliance of summons had hampered the further course of investigation. The failure was without any justification. - the Appellate Tribunal has observed that details were withheld with a view to delay the investigation being conducted by SEBI to the detriment of investors from whom funds were collected by the appellants in contravention of CIS Regulations. - Levy of penalty confirmed - SC....