Penalty for violation of Section 15HB of SEBI Act, 1992 - justification for the Tribunal to reduce the...

Penalty for violation of Section 15HB of SEBI Act, 1992 - justification for the Tribunal to reduce the penalty below Rs. 1,00,000/- which is the minimum as permissible - Tribunal has not taken into consideration the effect and mandate of Section 15HB of the SEBI Act, 1992 - Order of tribunal modified to levy minimum penalty of Rs. 1 Lac. - SC .....

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