SAT reduces Sebi's penalty on former Maars Software MD to Rs 10 lakh in GDR case
"While affirming the order of Sebi's Adjudicating Officer (AO) for the violations committed by the company, we reduce the penalty from Rs 1 crore to Rs 10 lakhs.
Maars Software International Ltd (MSIL) came out with a global depository receipts (GDRs) issue on August 10, 2007, Pic- PTI