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2012 (4) TMI 732 - SECURITIES APPELLATE TRIBUNAL, MUMBAIExtract: .......ve, we hold that the adjudicating officer has brought on record sufficient material to show that the appellant’s wrong doing falls under regulation 4 of the FUTP Regulations. The quantum of penalty imposed, is just and reasonable in the facts of the case. The impugned order is, therefore, upheld and the appeal dismissed. No order as to costs.
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