Wednesday, November 6, 2019

Imposition of penalty of Rs. 25 lakhs on co. for mobilizing funds from public without registration was reasonable: SAT

COMPANY LAW/SEBI ACT: Where appellant company was involved in mobilizing funds by launching Collective Investment Scheme (CIS) without obtaining SEBI registration and it failed to comply with directions issued by SEBI to refund entire amount to investor, penalty of Rs. 25 lakhs imposed on appellant was reasonable

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