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2011 (12) TMI 731 - SECURITIES APPELLATE TRIBUNAL, MUMBAIExtract: .......re unable to accept the argument that since the company acts through its directors, the company cannot be punished for the violations in question. Following our earlier order dated November 15, 2011 in Appeal no. 180 of 2011, we uphold the findings of the adjudicating officer. In the result, both the appeals are dismissed with no order as to costs.
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