Supreme Court · 2022 INSC 1076 · Decided 13 October 2022
Securities and Exchange Board of India v. National Stock Exchange Members Association and Anr
- Court
- Supreme Court of India
- Citation
- 2022 INSC 1076 · [2022] 14 S.C.R. 911
- Case number
- CIVIL APPEAL No. 435/2007
- Decided
- 13 October 2022
- Bench
- AJAY RASTOGI, B.V. NAGARATHNA (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
Headnote
Securities and Exchange Board of India Act, 1992 - s.12(1) - Whether in terms of s.12(1), a single registration with SEBI is sufficient even if the stock broker has various memberships and functions from several stock exchanges and, therefore, will have to pay the registration with SEBI - Held: The conjoint reading of the expression "a certificate" as referred to in s.12(1) of the Act, 1992 read with the scheme of Rules, 1992 and Regulations, 1992, leads to an inevitable conclusion that the stock broker not only has to obtain a
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