Landmark case · Law of Investments and Securities · Semester 6
SEBI v. Shriram Mutual Fund
(2006) 5 SCC 361 · Supreme Court of India
SEBI penalties are civil and deterrent; mens rea is not a condition of imposing a monetary penalty.
From topic
Investigation, civil penalty and appeals — Unit I, Law of Investments and Securities.
Related sections:
- Securities and Exchange Board of India Act, 1992, 11C — Investigation
- Securities and Exchange Board of India Act, 1992, 15A–15HB — Penalties for failure and market defaults
- Securities and Exchange Board of India Act, 1992, 15T — Appeal to the Securities Appellate Tribunal
- Securities and Exchange Board of India Act, 1992, 24 — Offences