Monday, September 30, 2019

SAT imposes penalty on executive director for Trading in shares of Co. in collusion with related party

COMPANY LAW: Where Executive Director (ED) of a company in collusion with his related parties traded in shares of company in miniscule quantity in order to facilitate promoter of company, same was in violation of provisions of section 15HA and thus, penalty was to be imposed on ED and said related parties

from www.taxmann.com Latest Case Laws https://ift.tt/2ont6z8

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