SEBI reduces penalty as Co. couldn’t produce 20 yrs documents due to change in entire management

SEBI : Where SEBI conducted an investigation into affairs of appellant company and sought certain information and documents which appellant failed to produce, thus, SEBI issued penalty of Rs. 30 lakh on appellant, in view of fact that documents were sought in 2017 for period much prior to 2012 which was not available to appellant particularly when appellant had completely new management and, thus, penalty amount was to be reduced

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