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SAT REDUCES PENALTY FROM RS 25 LAKH TO 10 LAKH WHERE LODR VIOLATIONS WERE NOT OF
MUCH SERIOUS NATURE

16 Aug 2023 | [2023] 152 taxmann.com 538 (SAT - Mumbai)[12-06-2023] | Company
Law | Case Laws | 245 Views

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COMPANY LAW/SEBI : Where appellant had committed violations of various
provisions of LODR Regulations and penalty of Rs. 25 lakh had been imposed on
appellant, in view of fact that said violations were not that serious warranting
imposition of high penalties, imposition of penalty amounting to Rs. 25 lakhs
was excessive and arbitrary and, thus, penalty was to be reduced to Rs. 10 lakhs


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