Thursday, 8 May 2014

SC: No appeal against HC's order to withdraw recognition of Stock Exchange if SLP on that issue alre

CL : Where High Court in its judgment held that withdrawal of recognition of appellant stock exchange under section 5 of Securities Contracts (Regulations) Act, 1956 by fulltime member of SEBI under section 11 of SEBI Act, 1992 cannot be said to be de hors provisions of Act and special leave petition from that order had been dismissed by SC, same question could not be reopened in instant appeal, however, withdrawal of recognition of appellant in no way affects functioning of its subsidiary


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