SAT upheld penalty imposed upon broker for non-disclosure of transfer of its business to Group Co.

COMPANY LAW/SEBI: Where appellant stock broker did not make full disclosure of transfer of its business to a group company as required under clause 36 of Listing Agreement, appellant had violated clause 36 of Listing Agreement, read with section 21 of SCRA and penalty was to be imposed upon itCOMPANY LAW/SEBI: Where appellant stock broker did not make full disclosure of transfer of its business to a group company as required under clause 36 of Listing Agreement, appellant had violated clause 36 of Listing Agreement, read with section 21 of SCRA and penalty was to be imposed upon itwww.taxmann.com Latest Case LawsRead More

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