HC quashes SEBI’s order declining to compound an offence as petitioner-Co. refunded sums collected under CIS

COMPANY LAW : Where directors of company, against which SEBI had initiated prosecution on its failure to comply CIS Regulations, had filed an application for compounding offence on ground that company had wound up and refunded entire amount collected under scheme to all its creditors, however, Special judge of SEBI ignored said relevant material and by impugned order declined to compound offence that too without taking views of SEBI,COMPANY LAW : Where directors of company, against which SEBI had initiated prosecution on its failure to comply CIS Regulations, had filed an application for compounding offence on ground that company had wound up and refunded entire amount collected under scheme to all its creditors, however, Special judge of SEBI ignored said relevant material and by impugned order declined to compound offence that too without taking views of SEBI,www.taxmann.com Latest Case LawsRead More

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