SAT reduces period of restraint of executive director in matter of issuance of GDRs without proper disclosure

COMPANY LAW/SEBI : Where applicant was Executive Director of company who had signed relevant documents in issuance of GDRs without proper disclosure to public and was restrained by SEBI for 2 years from assessing securities market, appellant could not escape his liability but period of restraint was to be reduced to period already undergone appellant had not misconducted while dealing in security market

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