Supreme Court of India

Premium Global Securities Pvt. Ltd. & Ors. v. Securities & Exchange Board of India & Anr.

Neutral citation
Reported as [2015] 14 S.C.R. 201
Bench Vikramajit Sen and Shiva Kirti Singh JJ.
Decided 9 December 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 Contract (Regulation) Rules, 1957: rr.8(1 )(f), 8(3)(f)- Fee Continuity Benefit- Circular dated 27.09.2002 c contemplated that transfer of membership to group company/ 100% subsidiary company would not attract any fresh payment of registration fees - In view of bar under r.8(1 )(f), transfer of membership to appellant company- SEBI refused to grant fee continuity benefits to the appelfant - Whether there was any compulsion of law to transfer brokerage business and whether appellant can be granted benefit of fee continuity- Held: The restriction imposed under-circular was to not

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