0382-2021 Asit C. Mehta Investment Intermediaries Ltd vs NSEIL

SAT · Final order

Reviewed by Varun Matlani, Advocate — Securities Lawyer practicing in SAT and SEBI

Full text

“whether penalty should be imposed for failure to perform a statutory obligation is a matter of discretion of the authority to be exercised judicially and on a consideration of all the relevant circumstances. Even if a minimum penalty is prescribed, the authority competent to impose the penalty will be justified in refusing to impose penalty, when there is a technical or venial breach of the provisions of the Act or where the breach flows from a bonafide belief that the offender is not liable to act in the manner prescribed by the statute.” 9. Considering the aforesaid, we a

BEFORE THE SECURITIES APPELLATE TRIBUNAL

MUMBAI

Source: SecMarx — 0382-2021 Asit C. Mehta Investment Intermediaries Ltd vs NSEIL. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (bench, timelines, appeal chain) is cited to us.