Supreme Court · 1960 INSC 124 · Decided 17 August 1960
Madhubhai Amathalal Gandhi v. The Union of India
- Court
- Supreme Court of India
- Citation
- 1960 INSC 124 · [1961] 1 S.C.R. 191
- Case number
- WRIT PETITION (CIVIL) No. 136/1957
- Decided
- 17 August 1960
- Bench
- BHUVNESHWAR PRASAD SINHA, J.L. KAPUR, P.B. GAJENDRAGADKAR, K. SUBBA RAO, K.N. WANCHOO (5-judge bench)
- Outcome
- Dismissed
- Case type
- Writ / Constitutional
- Acts & sections cited
- Constitution Article 32
Headnote
SUPREME COURT REPORTS 191 MADHUBHAI AMATHALAL GANDHI v. THE UNION OF INDIA. (B. P. SINHA,. c. J., J. L. KAPUR, P. B. GAJENDRA­ GADKAR, K. RrrBBA RAo and K. N. WANCHOO, JJ.) Stock Exchange-Rules for membership-Notification laying· conditions restricting membership - Classification rr. r7-22. The Securities Contracts (Regulation) Act, 1956, was enact­ ed with the object of preventing undesirable transactions in securities by regulating the stock exchange business, and the.Act conferred an effective controlling power on. the Central Govern­ ment over the stock
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