Thursday, August 8, 2019

SAT upholds penalty on NDTV for failure to comply clause 36 of Listing Agreement

COMPANY LAW : Where final assessment order of appellant was passed by Assessing Officer on 21-2-2014 by which a demand of Rs. 450 crore was raised, but information to Stock Exchange was provided at a belated stage on 26-5-2014 and 29-5-2014 after more than 3 months of final assessment order and that too when clarification was sought by Stock Exchange, it was held that there was gross failure on part of appellant in not making disclosure under Clause 36 of Listing Agreement

from www.taxmann.com Latest Case Laws https://ift.tt/2OLOvPs

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