SAT directs appellant to deposit fine under protest and file a plea for waiver of fine
- Blog|News|Company Law|
- < 1 minute
- By Taxmann
- |
- Last Updated on 3 May, 2022
Latest from Taxmann
Case Details: Dish TV India Ltd. v. BSE Ltd. - [2022] 137 taxmann.com 326 (SAT- Mumbai)
Judiciary and Counsel Details
-
-
Justice Tarun Agarwala, Presiding Officer and M.T. Joshi, Judicial Member
- Zal Andhyarujina, Sr. Adv., H.S. Chandhoke, Abdullah Hussain, Ms. Maithili Parekh, Ms. Nidhi Singh, Rugved More, Ms. Neha Mehta, Ms. Astha Singh, Ms. Tanya Mehta and Rishabh Vohra, Advs. for the Appellant.
- Pesi Modi, Sr. Adv., Manish Chhangani, Ravi Shekar Pandey, Advs., Shyam Mehta, Sr. Adv., Rashid Boatwalla and Dhruv Jadhav, Advs. for the Respondent.
-
Facts of the Case
In the instant case, an appeal was filed against the orders of the Bombay Stock Exchange Limited (BSE) and by the National Stock Exchange of India Limited (NSE) whereby fines were imposed on the appellants for non-compliance with various provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR) as per the Circular dated January 22, 2020.
SAT Held
On appeal, the SAT held that the appellants should deposit the fine under protest and file a representation for revocation of the fine and/or for waiver of the fine for the reasons stated in the application. Further, it was held that if such an application is filed, then BSE and NSE will consider the matter and pass appropriate orders and, if necessary, provides an opportunity of being heard to the appellants.
Disclaimer: The content/information published on the website is only for general information of the user and shall not be construed as legal advice. While the Taxmann has exercised reasonable efforts to ensure the veracity of information/content published, Taxmann shall be under no liability in any manner whatsoever for incorrect information, if any.
Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.
The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:
- The statutory material is obtained only from the authorized and reliable sources
- All the latest developments in the judicial and legislative fields are covered
- Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
- Every content published by Taxmann is complete, accurate and lucid
- All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
- The golden rules of grammar, style and consistency are thoroughly followed
- Font and size that’s easy to read and remain consistent across all imprint and digital publications are applied
Sign Up
To subscribe to our weekly newsletter please log in/register on Taxmann.com
Latest Books
Everything on Tax and Corporate Laws of India
To subscribe to our weekly newsletter please log in/register on Taxmann.com
CA | CS | CMA
