Supreme Court of India

Securities & Exchange Board of India v. M/s. Prebon Yamane (i) Ltd.

Neutral citation
Reported as [2015] 10 S.C.R. 250
Bench Vikramajit Sen and Shiva Kirti Singh JJ.
Decided 3 November 2015

INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.

From the headnote

Securities & Exchange Board of India (Stock Brokers c and Sub-Brokers) Regulations, 1992: Regulation 1 O; Schedule Ill clause 4- Fee Continuity benefit- SEBI issue · a provisional fee liability statement - Payment under protest by respondent- SAT directed SEBI to refund the amounts­ Held: Respondent was not an entity as envisaged in clause 4 of Schedule Ill - Hence not entitled to fee continuity benefit - Securities & Exchange Board of India Act, 1992. Allowing the appeal, the Court HELD: As per Clause 4 of Schedule Ill, the Respondent was not an 'entity' as envisaged in the Regulations as

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