0164-2012 Bankim J. Shah vs Securities and Exchange Board of India
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Full text
“A company acts through its Board of Directors. It is the responsibility of the directors to ensure that a company functions appropriately and in accordance with law. Thus, the conduct of the directors of the company is giving false or misleading press releases was in violaiton of Regulaiton 5 of the SEBI (Prohibition of Fraudulent and Unfair Trade Practices) Regulations, 1995 read with Regulation 13(2) of the SEBI (Prohibition of Fraudulent and Unfair Trade Practices) Regulations, 2003.”
BEFORE THE SECURITIES APPELLATE TRIBUNAL MUMBAI
Appeal No.164 of 2012
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Source: SecMarx — 0164-2012 Bankim J. Shah vs Securities and Exchange Board of India. 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.