Supreme Court · 2015 INSC 823 · Decided 3 November 2015
S.E.B.I. v. Alliance Finstock LTD. & ORS. ETC. ETC.
- Court
- Supreme Court of India
- Citation
- 2015 INSC 823 · [2015] 10 S.C.R. 145
- Case number
- CIVIL APPEAL No. 4493/2006
- Decided
- 3 November 2015
- Bench
- VIKRAMAJIT SEN, SHIVA KIRTI SINGH (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
Headnote
. Securities & Exchange Board of India (Stock Brokers A B and Sub-Brokers) Regulations, 1992 - Schepu·le Ill c Paragraph 4 - Stock brokers convert their individual! partnership membership into a corporate entity prior to April 01, 1997 - Entitlement to fee continuity benefit- Held: <?f the continuity in terms of paragraph 4 of Schedule Ill of the Regulations - SEB/ en-ed D in denying the stock brokers the benefit of fee continuity. Dismissing the appeals, the Court HELD: 1.1 Para 4 of Schedule Ill to the Securities & Exchange Board of India (Stock Brokers and
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