Supreme Court · 2015 INSC 871 · Decided 30 November 2015
Securities & Exchange Board of India v. Magnum Equity Services LTD. & ORS.
- Court
- Supreme Court of India
- Citation
- 2015 INSC 871 · [2015] 12 S.C.R. 102
- Case number
- CIVIL APPEAL No. 4719/2008
- Decided
- 30 November 2015
- Bench
- VIKRAMAJIT SEN, SHIVA KIRTI SINGH (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
Headnote
102 A SECURITIES & EXCHANGE BOARD OF INDIA B v. MAGNUM EQUITY SERVICES LTD. & ORS. NOVEMBER 30, 2015 (Civil Appeal No. 4719 of 2008) [VIKRAMAJIT SEN AND SHIVA KIRTI SINGH, JJ.) Securities and Exchange Board of India (Stock Brokers C and S/Jb-brokers) Regulations, 1992: Schedule Ill, pend&ncy of which one of partner exited - Company o incorporated with remaining 6 partners who all became the whole-time directors - Membership card of firm transferred to the company - Company registered as stock broker - Three of such directors resigned- It was not the case of SEBI that
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