https://www.scconline.com/blog/post/2018/08/25/non-compliance-of-sebi-directions-seriously-compromise-regulatory-framework-leniency-in-penalty-would-defeat-intent-of-section-15-hb-sebi-act-sebi/
Non-compliance of SEBI directions seriously compromise regulatory framework; leniency in penalty would defeat intent of Section 15-HB SEBI Act: SEBI