SAT reduces fine for unintentional failure to include Audit Report in XBRL

SPL Industries Ltd. Vs BSE Limited (SAT Mumbai) Unintentional Failure on part of the Company to include the Audit Report in the Financial Results in XBRL uploaded on BSE website, for which BSE imposed fine of Rs. 5,54,600. However SAT reduced the penalty to Rs. 2,50,000 on the grounds that there was no deliberate intention to violate the Regulation but an inadvertent mistake, by a human error. Read Full Text of the Order of Securities Appellate Tribunal, Mumbai 1. The appellant being aggrieved by the imposition of a fine of Rs.5,54,600 for violation of Regulation 33 of the Securities and Exch...