Supreme Court · 2007 INSC 1112 · Decided 31 October 2007
Veneet Agrawal v. Union of India and ORS.
- Court
- Supreme Court of India
- Citation
- 2007 INSC 1112 · [2007] 11 S.C.R. 740
- Case number
- CIVIL APPEAL No. 2565/2005
- Decided
- 31 October 2007
- Bench
- ASHOK BHAN, V.S. SIRPURKAR (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Constitution
Headnote
A "" Securities and Exchange Board of India Act, 1992: c S. 31-Constitutionality and vi res of 199 2 Rules and Regulations challenged on the ground that procedure mandated under s. 31 was not complied with-Held: It was not necessary for rules/regulations to be re-laid in the next having been initially laid are deemed to lie in succeeding sessions till completion of 30 days-Requirement of s. 31 has been thus met-Rules/ ~t' regulations cannot be declared ultra vires on this ground-Even otherwise, provisions of s. 31 not being mandatory and merely directory,
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