No reduction of penalty when charges leveled against directors for floating fraudulent GDR scheme stood proved: SAT

COMPANY LAW/SEBI : Where appellant company along with its directors and promoters executed a fraudulent scheme of issuance of GDR to detriment of Indian investors and, charges levelled against company and its directors stood proved, there would be no justification in reducing penalty imposed upon appellantsCOMPANY LAW/SEBI : Where appellant company along with its directors and promoters executed a fraudulent scheme of issuance of GDR to detriment of Indian investors and, charges levelled against company and its directors stood proved, there would be no justification in reducing penalty imposed upon appellantswww.taxmann.com Latest Case LawsRead More

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