Composition of offences under the provisions of the Companies ...

Offences under the Companies Act can be pursued separately from SEBI Act violations, allowing for additional proceedings.

December 5, 2019

Case Laws Companies Law HC

Composition of offences under the provisions of the Companies Act, 1956 did not in any manner preclude the appellant from initiating any proceedings for alleged violations under the SEBI Act, 1992 or the regulations made.

View Source

← Previous Next →

Composition of offences under the provisions of the Companies ...

Offences under the Companies Act can be pursued separately from SEBI Act violations, allowing for additional proceedings.

December 5, 2019

Case Laws Companies Law HC

You may also like:

In the absence of a scheduled offence/predicate offence, proceedings under the PMLA cannot be sustained. An accused assisting in concealment or use of proceeds of crime...

Revocation proceedings initiated against a customs broker's license were deemed invalid due to the absence of an "offense report" as mandated by Regulation 17 of the...

Money Laundering - scheduled offences - cognizance of offence - The High court concluded that the allegations did not meet the necessary elements to constitute an...

Dishonor of Cheque - The actual offence should have been committed by the Company then alone the other categories of persons would become liable for the offences - in...

Offence punishable under Section 63 of the Copyright Act - cognizable offence or not - Only in a case where the offence is punishable for imprisonment for less than...

Scheduled offence is a prerequisite for initiating proceedings under the Prevention of Money Laundering Act (PMLA). The offence of money laundering u/s 3 of PMLA...

SC allowed appeal against rejection of compounding application for offense under s.276CC for delayed tax return filing. Court held offense under s.276CC is committed day...

Prosecution proceedings for offence u/s 276C and 277 of IT Act - Mere showing ignorance by one of the assessees by maintaining that only her husband is aware of the...

CIRP - Reimbursement of Compounding fees - Who is responsible for offence or compounding of offence under the Income Tax Act which was committed much before the...

The HC held that PMLA proceedings against the applicant were not maintainable following the quashment of the predicate offense under Section 447 of the Companies Act,...

The court held that Section 6(2)(b) of the Act treats the empowered officers under the SGST/UGST Act at the central level to be at par and does not prescribe for...

SC held that anticipatory bail was improperly granted in economic offenses involving serious corporate fraud. The High Court's orders were set aside, considering the...

The High Court considered a case involving a challenge to an attachment order by the Enforcement Directorate under the Prevention of Money Laundering Act. The...

The NCLAT held that Section 238 of the IBC gives overriding effect to proceedings u/s 7, despite Section 10 of CPC. Proceedings u/s 7 must proceed, as the Code's...

The petitioner sought to restrain criminal proceedings for money laundering. Citing a Supreme Court case, it was held that money laundering can be a continuing offence...

Quick Updates: