SAT Levies Rs 50,000 Penalty on SEBI for Lapses in Probe - 01.07.2019

Securities Appellate Tribunal (SAT) has levied a penalty on the Securities and Exchange Board of India (SEBI) in a rare instance of the capital market regulator having to pay up for alleged lapses in investigation proceedings. SAT which hears appeals against orders by SEBI imposed a penalty of Rs 50,000 on the regulator as compensation for “litigation and harassment” of a former compliance officer of BGIL Films.

Tags : SAT SEBI Penalty

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