Penalty
SAT | In cases where penalty is imposed for wrongly reporting margin short fall, same cannot be modified on submission that such reporting was merely a technical error
Securities Appellate Tribunal (SAT): The Coram of Justice Tarun Agarwala, (Presiding Officer) and Justice M. T. Joshi (Judicial Member), and Dr C.
Bom HC | Shopkeeper who does not hold valid license under S. 3 of Essential Commodities Act, cannot be convicted under S. 7 thereof
Bombay High Court: Sadhana S. Jadhav, allowed a criminal appeal filed against the order of the trial court whereby the appellant was convicted
HP HC | Employees Compensation Act: Service of show-cause notice to the employer before imposition of penalty is mandatory
Himachal Pradesh High Court: Tarlok Singh Chauhan, J. partly allowed the appeal of filed by an employer challenging the compensation granted to
FEMA Appellate Tribunal | Active involvement and intentional aiding must be present in order to constitute an offence of abetment
Appellate Tribunal for SAFEMA, FEMA, PMLA, NDPS & PBPT Act: Justice Manmohan Singh (Chairman) allowed an appeal challenging the impugned Judgment wherein
SAT | Appellant fined for executing fake trades and creating artificial volume through illiquid Stock Options to the tune of 54.68% of the total market volume in BSE
Securities Appellate Tribunal (SAT): A Division Bench of Justice Tarun Agarwala, (Presiding Officer) and Dr C.K.G. Nair (Member), upheld the order passed by
SAT | Penalty imposed on appellants for violation of SCRA waived off by BSE; matter remanded for fresh adjudication
Securities Appellate Tribunal (SAT), Mumbai: Coram of Justice Tarun Agarwala, (Presiding Officer), Dr C.K.G. Nair (Member), and Justice M.T. Joshi, (Judicial Member) directed
SAT | Companies cannot run CIS Scheme without registering it with SEBI
Securities Appellate Tribunal (SAT): Justice Tarun Agarwala (Presiding Officer) and Dr C.K.G. Nair (Member) justified the penalty imposed by SEBI on the appellants
RBI imposes ‘Monetary Penalty’ on 7 Public Sector Banks
Reserve Bank of India (RBI) has, by an order dated July 31, 2019, imposed monetary penalty on seven banks for non-compliance with
RBI imposes penalty on — One Mobikwik Systems Private Limited and Hip Bar Private Limited
In exercise of powers vested under Section 30 of the Payment and Settlement Systems Act, 2007, the Reserve Bank of India has
Utt HC | Petition against quantum of penalty imposed by State Pollution Control Board dismissed as a matter still pending before NGT
Uttaranchal High Court: Sudhanshu Dhulia, J. contemplated a writ petition where the residents of village Danpur in Rudrapur moved a petition before
Sikkim HC | Court refuses to condone delay where application drafted in haphazard manner and with nary a care to detail or explanation
Sikkim High Court: A Division Bench of Vijai Kumar Bist, CJ and Meenakshi Madan Rai, J. dismissed a writ petition filed against the
Reserve Bank of India imposes monetary penalty of Rs 7 crore on State Bank of India
Press Release The Reserve Bank of India (RBI) has imposed, by an order dated 15-07-2019, monetary penalty of 70 million on State
Chh HC | Prosecution under Ss. 276-C and 277 of Income Tax Act doesn’t survive if penalty imposed on assessee is deleted by appellate authority
Chhattisgarh High Court: Prashant Kumar Mishra, J. quashed criminal proceedings pending against the petitioner-assessee before the Chief Judicial Magistrate for the commission of
SAT | “Proportionality” is a basic principle to adhere while interpreting any provisions relating to punishment with serious consequences
Securities Appellate Tribunal (SAT): The Coram of Tarun Agarwala, J. (Presiding Officer), Dr C.K.G. Nair (Member), M.T. Joshi, J. (Judicial Member) partly
Utt HC | Furnishing information beyond the mandate amounts to denial of information by officer under RTI Act
Uttaranchal High Court: Alok Singh, J. dismissed a writ petition filed by Sahak Nagar Adhikari, who was Public Information Officer under Right
FEMA | Onus to prove non-filing of SDF lies on Enforcement Directorate, if letter of credit opened by overseas buyer is negotiated by Authorised Dealer against a shipping bill
Appellate Tribunal for SAFEMA, FEMA, PMLA, NDPS & PBPT Act: Manmohan Singh, J. set aside Enforcement Directorate’s order imposing a penalty on
SAT | No disproportionate gain or unfair advantage made, nor any loss caused to the investors by non-disclosure, penalty reduced
Securities Appellate Tribunal, Mumbai: The Coram of Tarun Agarwala, J., (Presiding Officer), Dr C.K.G. Nair, (Member), M.T. Joshi, J., (Judicial Member) dismissed
Order imposing penalty for illegal mining, passed without hearing the mining leaseholder, not sustainable under law: Karnataka HC
Karnataka High Court: A Division Bench comprising of CJ Dinesh Maheshwari and S. Sujatha, J. allowed a civil writ petition challenging the
State of W.B. to pay Rs 5 crores penalty for non-compliance of directions given by NGT
National Green Tribunal (NGT): The Bench comprising of S.P. Wangdi (JM), K. Ramakrishnan (JM) and Dr Nagin Nanda (EM) imposed Rs 5