0163-2018 Sayanti Sen vs Securities and Exchange Board of India

SAT · Final order

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Full text

Section 5 “Meaning of "officer who is in default" 5. For the purpose of any provision in this Act which enacts that an officer of the company who is in default shall be liable to any punishment or penalty, whether by way of imprisonment, fine or otherwise, the expression "officer who is in default" means all the following officers of the company, namely : (a) the managing director or managing directors; (b) the whole-time director or whole-time directors; (c) the manager;

BEFORE THE SECURITIES APPELLATE TRIBUNAL

MUMBAI

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Source: SecMarx — 0163-2018 Sayanti Sen 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.