SAT reduced penalty on petitioner-Co. as it failed to upload financials timely on BSE website due to technical issue

COMPANY LAW/SEBI : Where on account of technical defect, listed company could not upload financial results along with audit report in PDF mode on BSE platform, though same was uploaded on NSE website as well as on company's website, there was no deliberate intention on part of company to violate regulation 33 and thus, penalty of Rs. 5.5 lakhs was to be reduced to Rs. 2.5 lakhs

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