Supreme Court · 2015 INSC 904 · Decided 9 December 2015
Premium Global Securities PVT. LTD. & ORS. v. Securities & Exchange Board of India & ANR.
- Court
- Supreme Court of India
- Citation
- 2015 INSC 904 · [2015] 14 S.C.R. 201
- Case number
- CIVIL APPEAL No. 3682/2006
- Decided
- 9 December 2015
- Bench
- VIKRAMAJIT SEN, SHIVA KIRTI SINGH (2-judge bench)
- Outcome
- Disposed off
- Case type
- Civil
Headnote
B Securities Contract (Regulation) Rules, 1957: rr.8(1 )(f), 8(3)(f)- Fee Continuity Benefit- Circular dated 27.09.2002 c contemplated that transfer of membership to group company/ 100% subsidiary company would not attract any fresh payment of registration fees - under r.8(1 )(f), transfer of membership to appellant company- SEBI refused to grant fee continuity benefits to the appelfant - Whether D there was any compulsion of law to transfer brokerage business and whether appellant can be granted benefit of fee continuity- Held: The restriction imposed
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