Supreme Court · 2015 INSC 888 · Decided 4 December 2015
Opg Securities Private LTD. v. S.E.B.I. & ANR.
- Court
- Supreme Court of India
- Citation
- 2015 INSC 888 · [2015] 14 S.C.R. 171
- Case number
- CIVIL APPEAL No. 3548/2010
- Decided
- 4 December 2015
- Bench
- VIKRAMAJIT SEN, SHIVA KIRTI SINGH (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
Headnote
A B ·Securities and Exchange Board of India (Stock-brokers and Sub-brokers) Regulations, 1992: Dispute arose on c account of amended Regulations effective from 1. 10.2006 introducing Schedule II/A into the Regulations - For stock brokers, the measure of fee under Schedule Ill was basis and the same was replaced by concept of monthly fee on the basis of monthly D turnover - Demand of registration fee from appellant stock broker not only on. the basis of turnover of the previous year but also for the entire turnover earned after the turnover of the previous year and till
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